ABA today joined four other financial trade organizations in a comment letter to the financial regulatory agencies offering feedback on a proposal establishing a new approach for calculating the exposure amount of derivative contracts under the regulatory capital rule.
With community banks serving as a critical source of credit for the nation’s small business sector, Florida Bankers Association President and CEO Alex Sanchez today highlighted the importance of maintaining a healthy, vibrant community banking sector in the U.S.
In an American Banker op-ed today, ABA EVP Wayne Abernathy questioned the effectiveness of the more than two dozen regulatory capital requirements that banks are subject to and highlighted the need for greater tailoring.
The National Association of Home Builders/Wells Fargo Housing Market Index held steady at 62 in…
Responding to a request for feedback on consumer privacy legislation from Senate Banking Committee Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio), ABA today emphasized banks’ strong privacy and data security framework under the Gramm-Leach-Bliley Act and called for Congress to take an approach that ensures consistent privacy protections while promoting marketplace efficiency.
With uncertainty rising around the United Kingdom’s pending withdrawal from the European Union, five federal regulatory agencies today issued an interim final rule to allow qualifying swaps to be transferred from a UK entity to an affiliate in the EU or the U.S. without triggering new requirements.
Consumer credit increased at a seasonally adjusted annual rate of 5 percent in January. Total…
The FDIC today issued a final rule to rescind Part 350 from the Code of Federal Regulations, removing an annual disclosure requirement that was duplicated by data publicly available on the FDIC’s website.
Former Speaker of the House Paul Ryan (R-Wis.) has been added to the speaker lineup for the American Bankers Association’s Annual Convention, to be held Oct. 27-29 in Seattle.