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Regulators extend comment deadlines on megabank capital proposals

Federal regulators extended the comment deadline on their proposal to implement stricter regulatory capital standards on banks over $100 billion in assets while the Federal Reserve collects...

Oct 23, 2023
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Article
Federal Reserve

New Letter: ICBA, Financial Trades Call on Fed to Reject Requests for Changes to Debit Card Interchange Fees

ICBA and a coalition that includes organizations representing the vast majority of federally-regulated financial institutions urged the Fed to reject merchant requests for further changes to...

Oct 20, 2023
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Article
Interchange

FinCEN proposes designating crypto mixers as money-laundering concern

The Financial Crimes Enforcement Network issued a proposed rule that identifies international convertible virtual currency mixing as a primary money-laundering concern.

Oct 20, 2023
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Article

CFPB issues 1033 proposal on sharing consumer data

The Consumer Financial Protection Bureau released its proposal to implement standards for sharing consumer financial data under Section 1033 of the Dodd-Frank Act.

Oct 20, 2023
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Article
Consumer Financial Protection Bureau (CFPB) Compliance