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December 5, 2025 |
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 Features
The Financial Accounting Standards Board has approved a long-anticipated fix to the current expected credit loss standard that could reshape bank merger and acquisition activity. The change corrects the so-called "day one double counting" of credit losses that has penalized acquirers since CECL’s introduction.
On this edition of the ABA Fraudcast, Chris Taylor of the Australian Banking Association describes his country’s multi-component approach that has resulted in a 26% reduction in scam losses, an effort that includes partnerships with telecoms and establishment of its National Anti-Scam Centre.
With 20 years having passed since Congress last held a hearing to conduct oversight of the federal tax exemption that credit unions receive, a new survey conducted by Morning Consult on behalf of ABA found that a wide majority of U.S. consumers believe that Congress should reexamine the tax-exempt status of federal credit unions.
The Office of the Comptroller of the Currency announced it is ending Money Laundering Risk System data collection, easing Bank Secrecy Act examination procedures for community banks, and is seeking public feedback on core providers and other third-party service providers – all as part of an effort to support smaller institutions.
The Federal Reserve’s proposed 2026 stress test scenarios reflect a welcome effort to enhance transparency and public accountability, but there remain key questions about how the Fed will exercise its discretion in scenario design, the ABA, Bank Policy Institute and four other associations said in a joint letter.
The ABA and 52 state bankers associations expressed support for two bills that would raise Bank Secrecy Act reporting thresholds for currency transaction reports and suspicious activity reports, and they urged federal officials to explore further reforms.
The Federal Reserve has extended by a month the comment period for a proposed rule to make stress tests for large banks more transparent. Comments on the proposal were originally due by Jan. 22, 2026. The Fed announced today that the deadline has been pushed back to Feb. 21.
TrainingDecember 9 December 11 December 16 January 12 - February 6, 2026 January 15, 2026 January 25 - 28, 2026 January 27, 2026 |
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