ABA Seeks Additional Flood Insurance Guidance

The OCC should propose new reporting forms for stablecoin issuers only after it has finalized regulatory requirements for those companies, and it should work with other regulators to ensure forms for all issuers are substantially similar across agencies,...

The Treasury Department proposed new rulemaking to establish guidance for employer-sponsored programs for contributions to Trump Accounts, including arrangements that allow employees to make pre-tax contributions to the accounts of dependents.

Total household debt decreased $13 billion, or 0.1%, to $18.8 trillion in the second quarter of the year, the Federal Reserve Bank of New York said in its Quarterly Report on Household Debt and Credit.

ABA and 12 associations expressed strong support for the FCC’s latest proposal to ensure that voice service providers in the path of a call take meaningful responsibility for keeping illegal calls off the U.S. calling network.

ABA economists views the continued sluggish home sales as a headwind to mortgage demand. Slower turnover in the housing market may also dampen demand for residential construction loans and other forms of consumer credit associated with real estate transactions.

The FDIC announced a new, two-phase process for deposit insurance applications meant to speed up agency reviews and encourage de novo bank formation.