FASB seeks to update accounting standards for investments in tax credit structures

In a letter, ABA said that while it supports FHFA efforts to streamline and reduce administrative burdens in its Duty to Serve Program, it cautioned against removing guardrails that prevent Fannie Mae and Freddie Mac from crowding out...

FinCEN issued an alert urging financial institutions to be vigilant in identifying and reporting suspicious activity connected to fraud schemes targeting Office of Federal Student Aid programs.

Republicans on the House Financial Services Committee urged the Federal Reserve to continue to make progress in reducing the time to process bank merger and acquisition applications.

While federal law requires banking agencies to review their regulations every decade to identify and address unnecessary burdens, the agencies lack documented procedures to fulfill that obligation or determine its effectiveness, the General Accountability Office concluded in a...

The Federal Reserve’s proposed payment account framework is a prudent approach to responsible innovation if additional safeguards are adopted to protect the safety, soundness and integrity of the U.S. payments system, ABA and the Consumer Bankers Association said.

The ABA Office of the Chief Economist views home sales as a potential reversal in mortgage demand. Despite elevated mortgage rates, consumers may consider this a new norm and could support construction loan demand.