As they restructure the processes for making confidential bank information available for public review, regulators should better coordinate their efforts to ensure banks do not face differing disclosure requirements, ABA said.
The investment reflects ABA's ongoing commitment to identifying innovative technologies and companies that can deliver value to banks and their customers.
The Federal Reserve will divide its bank supervision into five geographic regions rather than splitting it among the 12 Reserve Bank districts, which should enhance transparency and accountability, Vice Chair for Supervision Michelle Bowman said.
A proposed bill would ban the sale and manufacturing of machines that help scammers disguise their phone calls and texts.
For banks, although price pressures remain, a strong services sector and a stable labor market should continue to support credit performance and consumer spending.
A Federal Reserve push to “modernize” the mutual bank regulatory framework would make that framework more flexible and better suited to the distinctive structure and capital needs of mutual institutions, ABA said.
