ABA welcomes bill to prevent transaction reporting to IRS
ABA this week praised the reintroduction of a Senate bill to prevent the IRS from requiring financial institutions to turn...
Policy
McHenry, Luetkemeyer cite concerns with FinCEN registry access proposal
In a letter this week to federal regulators, House Financial Services Committee Chairman Patrick McHenry (R-N.C.) and Rep. Blaine Luetkemeyer...
ABA endorses bill to encourage de novo bank formation
ABA this week expressed its support for a House bill to boost the formation of de novo banks.
Regulators take issue with discrimination definition in proposed appraisal standards
A proposed update of professional guidelines for property appraisals contains confusing language about what constitutes discrimination, and would even suggest...
ABA urges SEC to drop hard close requirement for mutual fund orders
In a comment letter this week, the American Bankers Association urged the Securities and Exchange Commission to drop its proposed...
District court vacates Labor Department position on rollover advice
A U.S. district court this week vacated the Labor Department’s interpretation of the Employee Retirement Income Security Act and its...
ABA, state groups urge FinCEN to withdraw registry access proposal
In a letter this week, ABA and the 51 state bankers associations urged the Financial Crimes Enforcement Network to withdraw...
Wall Street Journal editorial pans Biden administration campaign against bank fees
A Biden administration proposal to reduce and eliminate so-called “junk fees” charged by financial institutions is likely to harm the...
ABA urges agencies to rethink proposed climate disclosure rule
A proposed rule to require certain federal contractors to disclose and reduce their greenhouse gas emissions could place impractical requirements...
Nichols: ABA won’t ‘sit idly by’ if regulators overstep their authority
While ABA is engaging with banking regulators in constructive ways, it is also pushing back against a range of rulemakings...
