FinCEN publishes BOI access guide for small financial institutions

ABA isn’t opposed to market structure legislation for digital assets but is seeking “tiny, surgical” changes to ensure the Genius Act’s prohibition on interest and yield on payment stablecoin is upheld, ABA President and CEO Rob Nichols told...

The Federal Home Loan Bank System remains uniquely positioned to support local lending and economic growth through its member-focused cooperative model, ABA told House lawmakers.

First Bancorp in North Carolina has agreed to buy First Carolina Bancshares in South Carolina. Future Financial Bankshares has agreed to buy Palmer Bancshares in Texas.

The ABA Foundation released a new resource designed to help nonprofits build and sustain successful partnerships with banks based on shared goals, mutual respect and measurable impact.

In addition, ABA said that while it applauded recent steps taken by the Treasury Department and FinCEN to modernize the U.S. illicit finance regime, more work is needed.

The House Rules Committee voted to advance a proposed bill to tailor bank regulation and encourage de novo bank formation, setting it up for a possible House floor vote this week.