FinCEN issues southwest border geographic targeting order
FinCEN ssued a geographic targeting order requiring all money services businesses located in 30 ZIP codes in California and Texas...
Policy
OCC withdraws policy on bank engagement with cryptocurrency
The OCC published an interpretive letter rescinding the agency’s policy on bank engagement with cryptocurrency “to reaffirm that a range...
Fed’s Powell: Uncertainty remains around effects of Trump policies
The potential shape and economic effects of the Trump administration’s policies on trade, immigration, fiscal policy and regulation remain uncertain,...
ABA DataBank: U.S. grain prices fall with tariff uncertainty
Prices for agricultural commodities, including corn, soybean and wheat, fell sharply due to retaliatory tariffs.
ABA advises flexibility in California climate law regulations
Responding to a solicitation for information issued by California’s Air Resources Board, ABA urged CARB “to allow broad flexibility” to...
Bank economists see emerging risks to growth and inflation
While ABA’s Economic Advisory Committee expects continued economic growth, the committee’s latest forecast recognizes risks emanating from policy changes and...
Report: Bank-credit union mergers ‘have hit a lull’
Regulatory uncertainty and banking industry advocacy likely led to a slowdown in credit union acquisitions of banks so far in...
Senate bill would remove reputational risk from bank supervision
Senate Banking Committee Chairman Tim Scott (R-S.C.) and committee’s Republican members introduced legislation to prevent federal banking regulators from using...
Proposed bill would prevent CBDC implementation
Rep. Tom Emmer (R-Minn.) reintroduced a proposed bill that would prevent the Federal Reserve from using a central bank digital...
Senate Banking Committee advances CFPB, FHFA nominations
The Senate Banking Committee voted to advance to the Senate the nominations of Jonathan McKernan to be director of the...
