The Senate voted 63-36 Thursday night in favor of an agreement to raise the debt ceiling. The legislation, which cleared the House on Wednesday, now heads to President Biden to sign into law. The deal struck by Biden and House Speaker Kevin McCarthy (R-Calif.) also contains provisions to limit government spending. Earlier this week, the American Bankers Association and other financial sector trade associations urged lawmakers in both parties to reach an agreement to prevent what they said would be irreparable harm to the U.S. economy.
ABA urges OCC to provide stronger safeguards, clearer rules for charter applicants
As the OCC considers revising its chartering rules, the agency should seek to uphold strong safety and soundness standards, increase transparency in the chartering process, and move cautiously as new regulatory frameworks develop, ABA said. The association also...










