To help expand access to banking services and promote financial inclusion, Rep. Andy Barr (R-Ky.) last week introduced H.R. 758, which would establish a three-year phase-in period for new banks to comply with federal capital standards and provide relief for de novos in rural communities, among other provisions designed to promote de novo formation. Barr introduced a similar bill in the last two Congresses. The American Bankers Association has strongly supported this legislation whenever it has been introduced.
ABA, banking groups warn revised Clarity Act fails to protect community banks
Proposed language in the Clarity Act giving regulators a short time frame to decide whether to close the stablecoin payment-of-interest loophole is no safeguard against the deposit flight that would harm many community banks, ABA and a coalition...









