ABA staff recently met with officials at the Treasury Department, which is in the process of issuing recommendations related to capital markets regulatory reform in response to President Trump’s executive order on core principles for financial regulation.

As the Department of Education conducts the regulatory review mandated by President Trump, ABA and the Consumer Bankers Association yesterday urged the department to revisit the overly expansive final rule targeting campus bank accounts that the Obama administration finalized in October 2015.

As debates continue to swirl about recapitalizing the housing GSEs Fannie Mae and Freddie Mac, ABA and several other housing and financial groups urged Treasury Secretary Steven Mnuchin and Federal Housing Finance Agency Director Mel Watt not to give in to advocates for rebuilding Fannie’s and Freddie’s capital cushions without structural reform.

ABA today urged the OCC to work with other federal agencies in fixing the Volcker Rule, improving its efficacy and aligning it more closely with the objectives of the statute in the Dodd-Frank Act.

As Congress and the Trump administration continue negotiations over tax reform, they should address the tax-exempt status of the credit union industry, a prominent economist wrote in U.S. News and World Report today.

Several bills pending in Congress represent “sensible regulatory changes” that will help banks of all sizes grow the economy, wrote California Bankers Association President and CEO Simone Lagomarsino in an Orange County Register op-ed today.

Online and mobile banking continue to grow in popularity and together represent the primary banking channels for two-thirds of Americans, according to a new survey conducted by Morning Consult for ABA.

The Securities and Exchange Commission yesterday disclosed that its EDGAR system for filings and reports was hacked in 2016 and that hacked non-public data may have been used as a basis for insider trading.

The Federal Open Market Committee said it will begin reducing the Fed’s balance sheet in October, according to a statement from the committee released yesterday. The balance sheet is swollen with $4.5 trillion in securities purchased as part of quantitative easing programs between 2008 and 2014. The committee also decided to hold rates at 1 to 1.25 percent, citing “realized ...