The OCC should reject a recent request to rescind certain regulations that articulate core national bank preemption standards, which would undermine the strength of the nation’s dual banking system, ABA said in a letter to the agency.
ABA said it supports seven proposed enhancements to the International Automated Clearing House Transaction framework by Nacha, including eliminating the current restriction on same-day processing.
Consumer spending has remained strong but the economic data may not yet reflect the full effects of tariffs, according to the minutes from the Federal Open Market Committee’s May 6-7 meeting.
The Labor Department rescinded a 2022 compliance release that directed fiduciaries to exercise “extreme care” before adding a cryptocurrency option to a 401(k) plan's investment menu for plan participants.
In recent years, the Department of Justice has targeted banks for alleged racial redlining for conduct that does not constitute redlining, raising serious legal and constitutional questions, according to a new report authored by a civil rights legal...
The banking industry reported a return on assets ratio of 1.16% and aggregate net income of $70.6 billion in the first quarter of 2025, an increase of $3.8 billion, or 5.8%, from the prior quarter, according to the...
