Tabs

Bank/Thrift Supervision   |    Capital    |    CFPB    |    Deposit Insurance    |    Interchange    |    Mortgage Finance
Municipal Advisors   |    OCC-OTS Merger   |    Preemption    |    QM - QRM    |    Swaps   |    Volcker Rule    |    Full Topics List
 
Qualified Mortgage - Qualified Residential Mortgage
Swaps
Consumer Financial Protection Bureau - CFPB
Bank/Thrift Holding Company Supervision
Capital
Deposit Insurance
Interchange
Mortgage Finance
Municipal Advisors
OCC-OTS Merger
Preemption
Volcker Rule
Corporate Governance
Financial Stability Oversight Council (FSOC)
Appraisals
Office of Financial Research (OFR)
Systemic Risk
Supervision and Oversight
Payment, Clearing and Settlement
Prudential Supervision
Trust & Securities
Asset-Backed Securities
Resolution Authority

Thursday, August 18, 2016

ABA Issues Staff Analysis on MLR Expansion

ABA has issued a summary and analysis of the OCC’s proposed Paperwork Reduction Act request for re-approval of the Money Laundering Risk Assessment and expansion of the MLR to all OCC-supervised banks. Community national banks have been subject to the form for a number of years, but this would apply the data collection more broadly.

ABA in March strongly objected to the PRA request and the use of the PRA process rather than initiating a rulemaking. Despite ABA’s comments, the OCC submitted its PRA request to the Office of Management and Budget. The association is currently in the process of collecting feedback on how this action would affect midsize and large institutions. Comments are due by Sept. 7.

Read ABA's staff analysis.

Indicates ABA members-only material.
Not an ABA member?
Learn about the benefits of membership and ways to join here.

No comments:

Post a Comment

Please read our comment policy before making a comment.