Podcast: The Health of Savings in HSAs

As regulators weigh changes to the CAMELS rating system, ABA said it supports revisions that prioritize safety and soundness but believes further changes should be made to make ratings more objective and predictable.

The Treasury Department released proposed rulemaking to require digital asset providers to obtain a federal or state license before issuing payment stablecoins, as required by the Genius Act.

Fifteen state attorneys general urged Congress to pass legislation ensuring that robberies of off-site ATMs carry the same legal consequences as bank robberies. ABA also supports the bill.

Congress should establish a nationally harmonized, risk-based framework for regulating artificial intelligence in the financial services sector, which would preempt state laws while assuring strong consumer protection and cybersecurity outcomes, ABA told House Financial Services Committee members.

As it seeks to implement the Genius Act, the Treasury Department should not allow states to greatly expand the scope of services offered by payment stablecoin issuers beyond what is spelled out in the law, ABA said.

ABA and the Bank Policy Institute asked the FDIC to push back by more than a month the public comment deadline for its proposed bank information disclosure rule, which would align it with the deadline for a similar...