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TBA News & Headlines

FinCEN Issues AML, CIP Rules for Banks Without Federal Regulator

The Financial Crimes Enforcement Network yesterday issued a proposed rule imposing -- for the first time -- anti-money laundering program and Customer Identification Program requirements for banks without a federal functional regulator.

TBA Files Comment Letter

The Texas Bankers Association submitting a comment letter to the CFPB on the proposed rule limiting the use of arbitration agreements, which specify that consumer disputes may not be resolved by means of class action litigation.

FBI Launches Mobile App on Bank Robbers

The FBI on Friday launched a mobile app to make it easier for the public, financial institutions, law enforcement and others to view photos and information, receive alerts and submit tips about bank robbers sought by the FBI.

TBA Regulators Seek Comment on Proposed Small Institution Call Report

The new Call Report will lessen the reporting burden for community banks by reducing the existing Call Report from 85 to 61 pages, resulting from the removal of approximately 950 of the nearly 2,400 data items in the Call Report.