ABA, BPI oppose proposed replacement for troubled debt restructuring
In comments filed with the FDIC Friday, the American Bankers Association and Bank Policy Institute came out against an agency...
Newsbytes
FedNow instant payments service to launch by July
The pilot program is slated to enter technical testing next month.
ABASA: More securities market transparency could have negative consequences
In a comment letter filed Friday, the American Bankers Association Securities Association and two other trade groups raised concerns about...
Trade groups back OCC: Some crypto actions within scope of traditional banking
Withdrawing OCC cryptocurrency interpretive letters won't benefit consumers and investors or promote a safe and secure marketplace, ABA says.
ABA Data Bank: Global food prices decreased during summer
A combination of factors, including an agreement to allow exports through the Black Sea, a good harvest year and a...
Banker op-ed: Durbin-Marshall credit card bill will hurt small businesses
A proposed bill that would allow merchants to control how banks process credit card transactions would be a pain for...
Government watchdog: DOJ falling short of obligations to share BSA info
The Government Accountability Office found significant room for improvement regarding the Department of Justice’s obligation under the Anti-Money Laundering Act...
ABA nominates officers, board for 2022-2023
The American Bankers Association’s nominating committee—chaired by James Edwards Jr., CEO of United Bank in Griffin, Georgia—has selected a slate...
Powell: Fed to continue pursuing ‘restrictive policy’ to combat inflation
A recent easing in the rate of inflation hasn’t been enough to convince the Federal Reserve to reverse course on...
Second quarter GDP (second estimate) shrinks 0.6%
Real GDP decreased at a seasonally adjusted annual rate of 0.6% during the second quarter of 2022, according to the...
