The Consumer Financial Protection Bureau’s 1071 small-business rule exceeds the agency’s statutory authority and is arbitrary and capricious, ICBA said in a new court filing.

The Treasury Department sanctioned five individuals and four entities associated with the TGR Group, an international network of businesses and employees that act on behalf of Russian elites.

Five federal financial regulatory agencies, the Financial Crimes Enforcement Network, and state financial regulators issued a joint statement to provide supervised institutions with examples of risk management and other practices that may be effective in combatting elder financial exploitation.