OCC GENIUS Act Rule Leaves Room for Ambiguity on Yield On Wednesday, the OCC issued a final rule implementing the GENIUS Act, which establishes a ...

BPI issued the following statement regarding an OCC report that was released today on access to banking services. “The ...

Maintaining appropriate confidentiality of supervisory information is important, but the current rules are not well calibrated to that goal. Indeed, as the proposal acknowledges, there are occasions ...

Washington, D.C. – BPI Senior Vice President and Head of Government Affairs Erik Rust issued the following statement today in response to the introduction of the Stop SIM Box Scams Act: “Illegal calls ...

Starling Advisory Group, hired by the Federal Reserve to investigate Silicon Valley Bank’s failure and the Fed’s preceding supervision of the bank, released a preliminary report of its findings this ...

We appreciate the Board’s willingness to join in significant part in the related rulemaking efforts of FinCEN, the OCC, the FDIC, and the NCUA (collectively, the “agencies”) to implement the reforms ...

Washington, D.C. – Regulators should apply customer-identification requirements to stablecoin secondary market participants and clarify ambiguous terms to bolster safeguards across the payment ...

The Associations are generally supportive of the proposed CIP framework. The recommendations below are intended to clarify the framework so that it operates in conjunction with the broader set of ...

Regulators examine banks’ financial health and assign them ratings. A key framework for bank ratings, known as CAMELS, assesses banks on six metrics: Banks are rated on each component from 1 (“strong” ...

Bank impersonation scams inflict billions of dollars in losses on consumers annually, often exploiting telecom vulnerabilities to display spoofed caller ID information that tricks targets into ...

The Institute of International Bankers, American Bankers Association, the Bank Policy Institute, the Institute of International Finance, the Securities Industry and Financial Markets Association, and ...

The American Bankers Association (ABA), ACA International, American Financial Services Association, America’s Credit Unions, Bank Policy Institute, Consumer Bankers Association, Defense Credit Union ...