Watchdog: IRS Seizure Program Victimized Lawful Businesses
The Internal Revenue Service’s seizure program for allegedly structured business deposits swept up millions of dollars in legally sourced funds...
Lawmakers Introduce ABA-Backed Bills Targeting PACE Loans
Sens. Tom Cotton (R-Ark.), Marco Rubio (R-Fla.) and John Boozman (R-Ark.) and Reps. Brad Sherman (D-Calif.) and Ed Royce (R-Calif.)...
Admitting Role in Leak, Richmond Fed’s Lacker Resigns Immediately
Jeffrey Lacker, president and CEO of the Federal Reserve Bank of Richmond, resigned today, effective immediately.
ABA, State Associations Continue Focus on ADA Website Issues
Over the last month, ABA has been working with state bankers associations to inform members of Congress about the demand...
ABA to CFPB: Objective Definition of ‘Prepaid Account’ Is Necessary
Noting that numerous compliance challenges remain, ABA today welcomed the Consumer Financial Protection Bureau’s proposal to delay the implementation of...
FDIC: Minority Banks Lag in Profits, Outpace in Loan Growth
The 157 FDIC-insured minority depository institutions tend to lag community banks overall in terms of profitability, but the sector is...
N.Y. Fed: Household Debt to Top Record Later This Year
U.S. household debt levels are expected to set a new record later this year, according to economists at the Federal...
Two Key Factors to Consider in the Updated Servicing Rules
Handling successors in interest and periodic statements for borrowers in bankruptcy can create compliance headaches.
Weekly Infobyte: Small Businesses Prefer Banks
Bank credit is by far the "ideal or preferred" source of debt financing for small business executives.
ABA to Treasury: ‘Destabilizing’ Liquidity Standards Need Changes
In response to President Trump’s executive order outlining “core principles” for financial regulation, ABA submitted feedback to the Treasury Department...
