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TBA News & Headlines

Yellen: Case for Increasing Fed Funds Rate ‘Has Strengthened’

As the U.S. economy continues to expand, Federal Reserve Chairman Janet Yellen on Friday said that she anticipates gradual increases in the federal funds rate over the next few years.

FinCEN Issues AML, CIP Rules for Banks Without Federal Regulator

The Financial Crimes Enforcement Network yesterday issued a proposed rule imposing -- for the first time -- anti-money laundering program and Customer Identification Program requirements for banks without a federal functional regulator.

TBA Files Comment Letter

The Texas Bankers Association submitting a comment letter to the CFPB on the proposed rule limiting the use of arbitration agreements, which specify that consumer disputes may not be resolved by means of class action litigation.

FBI Launches Mobile App on Bank Robbers

The FBI on Friday launched a mobile app to make it easier for the public, financial institutions, law enforcement and others to view photos and information, receive alerts and submit tips about bank robbers sought by the FBI.