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Crypto firms and bank trade groups submit comments on digital assets and surveillance
They submitted responses to the US Treasury’s request for feedback on how emerging tech (like AI) could be implemented to best detect illicit digital asset activity.
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ABA President Rob Nichols outlines upcoming change for compliance regulation
Significant actions to rein in US banking regulation are underway, driven by the Trump administration with aims to spur lending and economic growth.
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Banking groups ask SEC to nix the cybersecurity incident disclosure rule
American banking and financial industry advocacy groups have petitioned the SEC to repeal its cybersecurity incident disclosure rules.
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Banking wrap: Citi wants calls logged, ABA issues guidance rules, BNPL on the rise
Citi wants its private bankers to contact clients at least once every 90 days, and Michael Barr sees no liquidity problems across the banking system.
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American Bar Association upgrades lawyer due diligence to prevent client fraud
US lawyers voted to adopt a revised rule as part of an effort to alleviate concerns about the use of lawyers to facilitate financial crime.
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Financial services industry groups urge SEC to strengthen cybersecurity practices
Banking and securities association groups say SEC should revise its current, proposed changes to Regulation S-P and Rule 10.
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Lawmakers demand bank access to FinCEN’s beneficial ownership registry
Bipartisan group concerned about creation of ‘unnecessary and costly’ barriers.