Podcast: Tax reform comes into focus for 2025

ABA said that while it appreciates the IRS incorporating its recommendations into the proposed revisions to W-9 tax forms, the association still has significant concerns about some of the instructions for completing the form.

ABA expressed support for the FCC’s proposals to strengthen its numbering policies — which govern how phone numbers are distributed and sold — to combat criminals who place illegal calls that impersonate banks and other legitimate businesses.

ABA urged the FDIC to harmonize its proposed rulemaking to implement the Genius Act with rules put forward by other federal agencies to ensure a fair and competitive regulatory landscape for payment stablecoin issuers.

The FDIC is exploring whether to “significantly” slim down its resolution planning requirements for large banks and make several adjustments to the Deposit Insurance Fund's assessment framework, including reducing assessment rates, FDIC Chairman Travis Hill said.

Departing from the key principle of tax parity with crypto activities would not clarify the rules. It would tilt the playing field across the financial system.

A proposal to ease “common bond” membership requirements for federal credit unions is part of a series of policy actions that have steadily expanded credit union membership beyond the limits intended by Congress, ABA said in a letter...