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

Tacking affordability starts with the cost of credit — and future capital rules can help.

The FDIC announced that it will push back to May the deadline for comment on its proposal to create a process through which banks can seek agency approval to issue stablecoins through a subsidiary.

Proposed legislation would provide “a strong framework” to improve social media companies’ urgency in removing fraudulent advertising, “stopping countless scams before they start,” ABA President and CEO Rob Nichols said in a letter to the bill’s sponsors.

Lawmakers reauthorized a voluntary framework for the private sector and government agencies to share information about cyberthreats as part of a larger budget deal.

The Treasury Department is seeking public input on the Known Investor Program and ways to potentially streamline aspects of its foreign investment review process.

A proposal to create “payment accounts” to provide basic Federal Reserve payment services requires “careful design and robust risk mitigants” to uphold the integrity of the payments system and protect the public interest, ABA said.