A Community Banker’s Voice at the CFPB

Provisions welcomed by ABA and the state associations include a narrow version of the ACRE Act and a permanent Section 199A deduction that levels the playing field for Subchapter S banks.

Under the recession scenario, the CET1 capital ratio declined by 1.8 percentage points in the aggregate. The Fed has proposed averaging results over multiple years to reduce volatility in calculating capital requirements.

The Fed, FDIC and OCC issued a joint request for comment on a proposal to modify certain regulatory capital standards for large banks. Comments are due Aug. 25.

Stablecoins as a form of sound money fall short, and without regulation pose a risk to financial stability and monetary sovereignty, according to a recent report by the Bank for International Settlements.

Financial institutions are at the forefront in volunteering engagement at 22.2%, nearly a 50% increase from 2023.

The OCC should proactively support responsible community bank digitalization through transparency, information sharing and meaningful dialogue with stakeholders, ABA said.