Community Banking

ABA Supports Bipartisan Reciprocal Deposit Bill

ABA wrote to Sen. Mark Warner (D-Va.) today in support of S. 1500, a bipartisan bill that would update Section 29 of the Federal Deposit Insurance Act to clarify that reciprocal deposits of another insured depository institution are not considered brokered deposits.

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Nichols Emphasizes ‘Common-Sense’ Reg Reforms in New York Times

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.”

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Fed Gov. Powell Highlights Focal Points for Reg Reform

Noting the progress made over the last several years to improve the strength and resiliency of the U.S. financial system, Federal Reserve Governor Jerome Powell today pointed to several key areas that the Fed is currently focusing on for regulatory reform.

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