Podcast: How to stay connected with time-strapped small business owners

ABA and 52 state bankers associations yesterday urged lawmakers to use upcoming market structure legislation to close several legal loopholes created by the recently enacted GENIUS Act.

ABA joined four associations in urging lawmakers to close a legal loophole that may allow for the payment of interest and yield on stablecoins despite a recent prohibition against the practice.

BaaS is a structural decision. Done right, it extends a bank’s distribution reach and builds durable, recurring revenue. Done poorly, it invites unmanaged risk and regulatory exposure.

The CFPB is seeking public input on whether it should raise the thresholds for determining which nonbank service providers fall under its supervisory authority, saying the current thresholds may not justify the compliance burdens on the entities covered.

Small and midsize business leaders say they are most likely to turn to bankers for expert advice on a variety of financial issues, such as lending and growing revenue, according to a new survey by the Providence, Rhode...

The requirement that banks collect identifying information “from the customer” under the Customer Identification Program rule does not preclude the use of pre-populated information, the FDIC said.