Podcast: Highlights from the 2021 ABA Washington Summit

The Texas Bankers Foundation has reopened its Flood Relief Fund to support Texas communities affected by the severe storms and flooding unfolding across the state.

The National Credit Union Administration should coordinate with the banking agencies to ensure that Genius Act implementation is substantially similar among all federal payment stablecoin regulators, the American Bankers Association and three other banking sector associations said.

In a new letter, ABA cited several concerns about the OCC’s recent revisions to its standards for designating minority deposit institutions, saying the changes create uncertainty for institutions seeking to qualify or maintain MDI designation.

A proposed bill to tailor bank regulation and boost de novo bank formation would promote economic growth in communities across the country, ABA and 52 state bankers associations said in a joint letter to House leaders.

Restrictions on credit card rates and overdraft protection fees ultimately hurt the people they are meant to protect by limiting credit access and driving consumers to unregulated entities, Senate Banking Committee Chair Tim Scott (R-S.C.) and CFPB Acting...

While sentiment has slipped somewhat, community bankers nationwide remain broadly optimistic about future economic conditions, according to the latest quarterly survey by the Conference of State Bank Supervisors.