ABA Supports FDIC’s Section 19 Proposal
In a comment letter to the FDIC today, ABA offered support for a recent proposal to codify as regulation the...
Newsbytes
Fed Drops Rates to Zero, Announces Further Actions to Support Economy
Noting that U.S. banking firms “have built up substantial levels of capital and liquidity in excess of regulatory minimums and...
Bank of America Chief Highlights Response to Coronavirus in CBS Interview
Interviewed on CBS News' "Face the Nation" this morning, Bank of America Chairman and CEO Brian Moynihan emphasized the role...
OCC, FDIC Issue Guidance for Banks Closing Branches Due to Coronavirus
The OCC today issued guidance for banks that may need to temporarily close or otherwise restrict access to a facility...
Fed: No Payments Service Disruptions Expected from Coronavirus
Federal Reserve Financial Services on Thursday issued a statement assuring its customers that it does not anticipate business disruptions as...
SBA Finalizes Rule to Increase Oversight of 7(a) Loan Program
The Small Business Administration has issued a final rule implementing ABA-supported legislation to strengthen the agency’s oversight of its loan...
ABA Appeals Credit Union Field of Membership Case to Supreme Court
ABA this week petitioned the U.S. Supreme Court to review a lower court ruling in the association’s challenge of the...
ABA: Banks Need Consistent Framework for Adopting AI Technologies
In a letter to the Office of Management and Budget, the American Bankers Association called for regulatory clarifications that would...
ABA Data Bank: Amid Turmoil, Banking Industry Has Record Capital Levels
Having increased total equity capital by nearly $800 billion since the financial crisis, banks are healthy and ready to continue...
ABA, Groups Urge Crapo to Advance Cannabis Banking Bill
The American Bankers Association joined more than a dozen industry and advocacy trade organizations in a letter to Senate Banking...
