Gruenberg tapped for second round as FDIC chairman

HUD should continue to study "buy now, pay later" financing and its potential effects on consumers and FHA-insured mortgage programs, ABA said.

President Trump announced he had removed Governor Lisa Cook from the Federal Reserve board, although it was not immediately clear whether he had the legal authority to do so.

ABA recommended that the IRS notify responsible parties electronically whenever a business address change occurs, saying that implementing the requirement would save both the agency and business community time and money.

The CFPB is proposing to adopt a new standard that it says will bring more uniformity to its supervision of nonbanks.

A proposal to require CDFI Fund recipients to report certain supervisory violations risks blurring the separation between regulatory oversight and mission-driven certification, ABA said in a letter to Treasury Secretary Scott Bessent.

With the school year beginning across the nation, 29 states now have a financial literacy graduation requirement, up from just six in 2019, according to a recent report by the National Endowment for Financial Education.