Browsing: Newsbytes


BAFT—ABA’s global transaction banking subsidiary—today joined a coalition of more than 200 organizations and companies calling on Congress to pass a robust and long-term reauthorization of the U.S. Export-Import Bank before its charter expires at the end of September. T


With a pending proposal by the Financial Accounting Standards Board to delay the Current Expected Credit Loss standard’s implementation deadline to 2023 for certain institutions, top accounting officials at federal agencies warned banks not to “rest on their laurels” when it comes to implementing CECL.


The National Credit Union Administration’s current method of examining and enforcing consumer protection laws and regulations for institutions with less than $10 billion in assets is “not comparable to our sister agencies,” NCUA Board Member Todd Harper said in a Washington speech yesterday.


In a statement for the record before yesterday’s Senate Banking Committee hearing on housing finance reform, ABA recommended nine principles to guide the reform of Fannie Mae and Freddie Mac, which have been in conservatorship for over a decade.


In an interview with economist Andy Busch on the Engage podcast, ABA President and CEO Rob Nichols outlined priority banking issues facing Congress this fall, including cannabis banking, the CECL accounting model, modernizing anti-money laundering rules and housing finance reform.

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