FSB Report Details Efforts to Stem Decline of Correspondent Banking
The Basel, Switzerland-based Financial Stability Board published a progress report today on steps taken in response to a decline in...
Newsbytes
FDIC’S Quarterly Banking Profile: Bank Performance Remains Strong in Q1
FDIC-insured banks and savings associations earned $60.7 billion in the first quarter of 2019, an increase of $4.9 billion from...
Industry Veterans Call for Checks on FASB, Warn of CECL Consequences
In an op-ed published yesterday in The Hill, industry veterans William Isaac, former chairman of the FDIC and Thomas Vartanian,...
House Fails to Pass Temporary NFIP Extension
The potential for a lapse in funding for the National Flood Insurance Program increased today as the House failed to...
Presidential Historian Jon Meacham to Speak at ABA Convention
Pulitzer Prize winner and presidential biographer Jon Meacham will be a featured speaker at the ABA Annual Convention, Oct. 27-29...
CBO Estimates SAFE Act Would Save Government Money
The Congressional Budget Office on Friday released its cost estimate for H.R. 1595, the ABA-backed SAFE Banking Act that would...
Sen. Schumer Takes NCUA to Task Over Predatory Taxi Medallion Lending
In a May 21 letter to the National Credit Union Administration, Senate Minority Leader Chuck Schumer (D-N.Y.) asked the regulator...
FinCEN Announces New Innovation Program
The Financial Crimes Enforcement Network announced today a new program to facilitate innovative approaches to combating money laundering and terrorist...
Durable Goods Orders Decreased 2.1 Percent in April
New orders for manufactured durable goods decreased 2.1% in April to $248.4 billion, following a 1.7% March rise, according to...
ABA, Trade Associations Call on DOL to Propose Electronic Delivery Rule
ABA joined seven other financial trade associations on Friday in a letter urging the Department of Labor to propose regulations...
