Texas judge blocks updated CRA rules
American Banker
APRIL 1, 2024
A federal judge in Texas sided with bank trade groups, agreeing that bank regulators might have overstepped their authority in reforming parts of the Community Reinvestment Act.
American Banker
APRIL 1, 2024
A federal judge in Texas sided with bank trade groups, agreeing that bank regulators might have overstepped their authority in reforming parts of the Community Reinvestment Act.
American Banker
MARCH 19, 2024
A Texas judge ordered the U.S. Chamber of Commerce to explain why it sued the Consumer Financial Protection Bureau in Texas to halt the bureau's $8 credit card late fee rule after the bureau filed a motion accusing the trade group of "forum shopping."
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PYMNTS
DECEMBER 28, 2020
Facebook is turning off a number of functions in its Instagram and Messenger apps for European users after new a European Union regulation called the “ePrivacy directive” began covering messaging apps as of Dec. It takes time to rebuild products in a way that work seamlessly for people and also comply with new regulation.”.
American Banker
APRIL 25, 2024
The state's comptroller of public accounts is one of several notable non-depositories with access to the Fed's payments system, along with the Chicago Mercantile Exchange and the Tennessee Valley Authority. So why do they have accounts while some neobanks don't?
American Banker
MARCH 29, 2024
Pittman sided with the Consumer Financial Protection Bureau in ordering the case be moved from Texas to the District of Columbia due to "forum shopping." Judge Mark T.
CFPB Monitor
JUNE 26, 2023
Hsu, Acting Comptroller of the Currency delivered remarks to the American Bankers Association Risk and Compliance Conference in San Antonio, Texas. The core of Hsu’s remarks is that, given the rapid innovation of AI and tokenization in banking, banks should closely work with regulators to manage technological risks.
Abrigo
JANUARY 3, 2022
Takeaway 1 Recent fines against a bank in Texas remind financial institutions of the importance of AML quality control. Ensure Compliance. Sound quality control can ensure compliance and prevent money laundering and fraud as banks and credit unions continue to blur the lines between the two areas.
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