ABA said it opposes a proposal by Nacha to modify Automated Clearing House return timeframes, pointing to the high costs that would be imposed on financial institutions, particularly smaller banks.
The University of Michigan Consumer Sentiment Index increased 10.5% in June compared to the month prior, landing at 49.5, according to final results for the month.
ABA has long championed the SAFE Banking Act, which would prevent regulators from prohibiting or discouraging financial institutions from serving cannabis businesses in states where it is legal.
The FDIC proposed updating the definitions of small and large institutions that determine which methodology is applied to calculate an institution’s deposit insurance assessment rate, and revising the deposit insurance rate schedules for all institutions.
The FDIC is proposing to reduce the amount of information that large banks must share in their insured depository institution resolution plans, and to raise the minimum asset size for requiring resolution submissions. The agency also proposed a...
ABA expressed strong support for the Federal Communications Commission’s proposal to impose specific “know your customer” requirements on voice service providers that originate calls,
