Compliance

BPI Hits Out at Basel III Reforms

The BPI and ABA also released a statement saying the “changes would inflict serious harm”

President and CEO Rob Nichols said proposed rules threaten affordable deposit account products

The proposals will impact the relationship between large banks and minority depository institutions, says the association

The associations argued the CFPB’s proposal does not go far enough

Federal Reserve Governor Michelle Bowman stressed the importance of tailoring banking regulations to institutional size to avoid adverse incentives

The banking organizations wrote to the CFPB about the proposed redefinition of digital assets

The regulator also published guidance on ‘Buy Now, Pay Later’ lending

The bank said it “respectfully disagrees” with the decision

The ABA and ICBA have praised Congress’ decision to nullify the rule

Report from the FDIC’s Office of the Inspector General found the agency should have taken earlier action