​Warren: CFPB Should Oversee Auto Dealers

Comptroller of the Currency Jonathan Gould said his focus as a banking regulator is to correct the regulatory overreach that has taken place since the 2008 financial crisis, particularly for the community bank sector.

“Strong banks are integral to strong communities. Our success is intertwined with yours," Stein said at the ABA Annual Convention

At the ABA Annual Convention, ABA President and CEO flagged three key ways the association is working to “to build a better future for banks, their customers, and the communities they serve."

The IRS has delayed implementation of its new “code Y” reporting requirement on Form 1099-R for qualified charitable distributions made by individual retirement account owners. The change came after an ABA request.

More work is needed to provide the regulatory certainty required to realize the promise of stablecoins and other digital assets, including ensuring that the same anti-money laundering regulations apply to equivalent financial activities, ABA said.

ABA urged the Federal Reserve and Treasury Department to alleviate the operational challenges caused by the end of penny production, such as by providing public education, giving guidance on rounding transactions and ensuring the existing penny supply continues...