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.
FinCEN is withdrawing two proposed rules that would have created new recordkeeping requirements for financial institutions for certain transactions involving convertible virtual currencies.
The Federal Reserve has extended the comment period by a month for proposed changes to its regulation governing extensions of credit to bank “insiders,” such as board directors, executives and major shareholders.
As mortgage rates rise, the “lock-in effect” is likely to intensify as more homeowners are discouraged from moving or buying another home, contributing to weaker existing home sales
Twenty-nine states now require or will soon require that high schools offer comprehensive financial education for students, up from just three less than two decades ago, the National Endowment for Financial Education said in its most recent state...
Christopher Maher has been named chair of ABA’s American Bankers Council for the 2026–2027 membership year. Maher is CEO of OceanFirst Financial Corp. and OceanFirst Bank, a New Jersey-based institution.
