Podcast: James Ballentine reflects on his career in banking advocacy

Federal Reserve Governor Christopher Waller proposed that the central bank consolidate core functions such as human resources and IT across the 12 Reserve Banks instead of each bank being responsible for its own operations.

Kevin Warsh appeared before senators today at an often confrontational hearing on his nomination to be Federal Reserve chairman, where he pledged to be independent while accusing the Fed of eroding public trust by straying from its mission.

An independent supervisory appeals process at the OCC would serve as a crucial backstop to support and promote fair and consistent supervision, ABA said.

Nebraska lawmakers have passed legislation requiring social media companies to take steps to detect and remove fraudulent advertising on their platforms.

The CFPB's new focus on reversing regulatory overreach and reducing unnecessary regulatory burdens will help make financial services more affordable and accessible for consumers, ABA said in response to the bureau’s draft strategic plan.

Federal Home Loan Bank members should be allowed to use short-term FHLB letters of credit to secure advances through the Federal Reserve’s discount window, the Council of FHLBs suggested in a recent letter to FHFA Director Bill Pulte.