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FDIC announces initial dates for new resolution filings

The FDIC announced initial submission dates for its final rule requiring resolutions plans for banks with at least $100 billion in assets and “informational filings” for banks over $50 billion.

Aug 09, 2024
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Article

FDIC issues notice on asset manager exemption notice

The FDIC issued a Financial Institution Letter on an amended Labor Department rule governing how qualified professional asset managers handle exemption requests under the Prohibited Transaction...

Aug 14, 2024
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Article

ICBA: Removing medical debt information from credit reporting won’t work

ICBA told the Consumer Financial Protection Bureau that its proposed rule to remove medical debt information from credit reporting will lead to inaccurate reports and hinder community banks’...

Aug 13, 2024
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Article
Consumer Financial Protection Bureau (CFPB)

ICBA: Agencies don’t need specific regulations on AI

ICBA said the Treasury Department and federal banking agencies do not need to issue specific regulations to govern artificial intelligence usage because overly prescriptive regulations may stifle...

Aug 13, 2024
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Article
Artificial Intelligence