ABA supports for business provisions, low-income housing tweaks in tax bill

ABA expressed support for a HUD proposal to rescind the use of disparate impact in determining Fair Housing Act violations, saying the rule in question did not provide clarity “and has been the subject of an unhelpful back-and-forth...

Two lawmakers have introduced legislation to prevent states from imposing interest rate caps on loans from out-of-state chartered banks and credit unions.

Banks have long been on the front lines of protecting customers from fraud, but they can’t do it alone, and social media companies and telecommunications providers must do more on their end, ABA’s Paul Benda told Nebraska lawmakers.

FinCEN issued an order exempting covered financial institutions from the requirement to identify and verify the beneficial owners of a legal entity customer each time the customer opens a new account.

FinCEN has launched a new dedicated webpage to confidentially accept whistleblower tips on fraud, money laundering and sanctions violations.

The ABA Office of the Chief Economist views Januarys reading as consistent with continued progress toward price stability, suggesting inflation remains contained. For banks, a stable inflation environment could help lower the short end of the yield curve,...