Podcast: Opportunities in the Congressional Review Act, the ‘other CRA’

The Treasury Department will stop putting new pennies into circulation early next year, the Wall Street Journal reported.

The House narrowly passed a reconciliation budget package with several tax provisions supported by ABA. The legislation next heads to the Senate.

The House Financial Services Committee advanced nine bills supported by ABA, covering issues ranging from bank merger applications to regulatory tailoring.

A proposed amendment to add a credit card rate cap to an unrelated bill on stablecoin regulation would devastate credit access for millions of consumers and small businesses, the ABA and 52 state bankers associations said.

A proposed amendment would add language capping credit card interest rates at 10% to the GENIUS Act, an unrelated bill establishing a regulatory framework for payment stablecoins.

ABA joined state and national associations in voicing strong opposition to adding credit card routing mandates to an unrelated bill on stablecoins.