During the summer of 2017, bankers have hosted 57 events that bring their senators and representatives into the bank to meet employees and learn about the regulatory challenges banks are facing. Learn more at aba.com/lawmakersatwork. Click on the pictures below to see scenes from the summer.
The Small Business Administration has reinstated stronger underwriting requirements for 7(a) loans through the issuance of a Standard Operating Procedure document.
The Federal Reserve and FDIC rescinded two joint statements issued under the Biden administration on the risk management obligations of financial institutions should they offer crypto-related services.
The FDIC announced it is changing the virtual data room contractor used to market failing financial institutions. The agency will use ShareVault VDR for all new projects beginning in May.
When banks appeal a supervisory determination at the FDIC, they do not get an independent review. Instead, they appeal to the very regulators who made the original decision.
Sen. Dick Durbin (D-Ill.) will not seek re-election in 2026. He was the chief architect of the Durbin Amendment and co-sponsor of legislation to impose network routing mandates on financial institutions that issue credit cards.
Community bankers maintain an overall positive outlook on the economy but worry that future business conditions are fading, according to the Conference of State Bank Supervisors.
