Browsing: Legal


Noting the rapid technological transformation of financial services, the Justice Department’s Antitrust Division today requested public comments on whether and how it should revise its guidelines—virtually unchanged since 1995—for reviewing the competitive effects of bank mergers.


ABA joined a group of more than 480 trade groups representing a broad range of industries in a letter to Congress yesterday urging support for liability relief provisions included in S. 4317, the Safe to Work Act—the coronavirus bill released by Senate Republicans earlier this week.


In a comment letter to the National Credit Union Administration on Wednesday, the American Bankers Association called for the withdrawal of a proposal that would allow large credit unions to issue subordinated debt for regulatory capital purposes from outside for-profit investors—such as corporate debt markets—while maintaining their tax-exempt status.

Compliance and Risk

Following the Supreme Court decision last week in Seila Law v. CFPB—which held that the bureau may continue to operate but that its single powerful director must be able to be removed at will by the president—the CFPB today ratified most regulatory actions it has undertaken between Jan. 4, 2012, and June 30, 2020.

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