ABA, Trade Groups: IRS Reporting Proposal Raises Data Privacy Concerns
The American Bankers Association, along with more than 40 trade associations, sent a joint letter to House leadership expressing concerns...
Newsbytes
ABA Urges FDIC to Provide Compliance Relief on Deposit Recordkeeping Rule
The American Bankers Association told the FDIC today that covered institutions continue to encounter major challenges in complying Part 370,...
Retail Sales Increase in August
There were $618.7 billion in retail and food service sales in August, an increase of 0.7% from the previous month,...
FDIC Launches Mission-Driven Bank Fund
The FDIC today launched its new mission-driven bank fund, through which private investors—including corporations, financial institutions and philanthropic organizations—have the...
Yellen Keeps Up Push for IRS Reporting Proposal in Spending Bill
Treasury Secretary Janet Yellen this week called on House Ways and Means Committee Chairman Richard Neal (D-Mass.) to include in...
FHFA Proposes Changes to Regulatory Capital Framework for Fannie, Freddie
The Federal Housing Finance Agency proposed changes to the prescribed leverage buffer amount and the capital treatment of risk transfers...
OCC’s Hsu: Regulatory Coordination Needed to Ensure Level Playing Field
In remarks at an industry event today, Acting Comptroller of the Currency Michael Hsu called for coordination between regulatory agencies...
Industrial Production Rose 0.4% in August
Industrial production increased 0.4% in August after moving up 0.8% in July. Shutdowns related to Hurricane Ida held down the...
FDIC Releases Strategic Plan for 2022-2026
The FDIC today released a draft of its strategic plan for 2022-2026 for public comment.
FHFA, Treasury Suspend PSPA Changes
The Federal Housing Finance Agency and the Treasury Department today announced the suspension of changes to the preferred stock purchase...
