In a New York Times letter today responding to exaggerated claims about bankers’ regulatory relief efforts, ABA President and CEO Rob Nichols made clear that the policy changes bankers are seeking are “common-sense reforms that can ease the regulatory burden responsibly and allow banks of all sizes to better serve their customers and communities.”

The Federal Reserve’s Faster Payments Task Force yesterday released its long-awaited recommendations for accelerating real-time payments in the United States with a goal of real-time payment ubiquity by 2020.

Members of the House and Senate today introduced legislation that would block the Consumer Financial Protection Bureau’s controversial arbitration final rule from taking effect.

Testifying before the Senate Banking Committee today on behalf of ABA, banker Brenda Hughes called for Congress to move ahead with housing finance reform that provides liquidity for the house market and maintains access for community banks.

ABA filed a combined brief yesterday opposing NCUA’s cross-motion for summary judgment and reinforcing the association’s own motion for summary judgment in the lawsuit challenging NCUA’s final rule expanding credit union fields of membership.

BAFT -- ABA’s global transaction banking subsidiary -- announced a new partnership with the London Institute for Banking and Finance to introduce CertPAY, an internationally recognized payment certification.

In a long-awaited speech today, Acting Comptroller of the Currency Keith Noreika embraced the OCC’s plans to issue special purpose national bank charters to fintech companies and emphasized that the plan upholds high bank-like standards and offers a level playing field.

Americans overwhelmingly believe that our economy needs banks of all sizes, and a majority is concerned about the falling number of banks, according to a recent survey conducted for ABA by polling company Morning Consult.

The federal regulatory agencies issued a proposal to increase the threshold for required appraisals for commercial real estate transactions from $250,000 to $400,000 following the FDIC’s board meeting yesterday.