Podcast: Breaking Down the Tax Reporting Proposal and Its Path in Congress

Among its homeownership benefits, the legislation also includes provisions related to brokered deposits, bank examinations, de novo bank formation and a mentor-protégé program pairing large financial institutions with smaller depository institutions.

Supported by Fed staff, the task forces “will operate independently, with a mandate to follow the evidence, provide candid feedback, and produce rigorous findings for the Federal Open Market Committee."

ABA continues to be a staunch advocate for policies that encourage a level playing field within the financial services marketplace.

Legislation to reinstate the net operating loss, or NOL, carryback option for certain eligible financial institutions would expand lending and credit availability for consumers and businesses across the U.S., ABA said in a letter to House lawmakers.

ABA economist Dan Brown discusses the recent release of HMDA data for 2025. He examines several trends, including the varying composition of bank mortgage loans in different regions, where banks face the stiffest nonbank competition in the mortgage...

Among other changes, the proposal would require banks to focus their anti-money laundering resources based on risk, with more attention given to higher-risk customers and activities, the Fed said. The move aligns with a similar proposal made by...