ABA joined other national associations and state bankers associations in submitting a trio of letters expressing their support for recent actions by the OCC to reaffirm federal preemption of state attempts to regulate interchange fees, as in Illinois.
Streaming prices accelerated through 2025, jumping nearly 20% in December alone as providers cracked down on password sharing, faced higher sports-rights costs, and prioritized profits.
The FDIC has released the schedules for Community Reinvestment Act examinations to be conducted in the third and fourth quarters of the year, while the OCC released its schedule of CRA evaluations for Q3.
ABA said it supports a proposal to allow banks and credit unions to use intermediaries to send transfers through the FedNow payments service, as long as certain safeguards are taken.
ABA joined seven other associations to express support for the White House's executive order promoting access to mortgage credit.
A federal court has vacated FinCEN’s new anti-money laundering reporting requirements for residential real estate transfers. As a result, reporting requirements are suspended while the agency appeals the decision.
