Testifying before the Senate Judiciary Committee today, ABA SVP Doug Johnson called on Congress to act swiftly to enhance the penalties faced by cyber criminals.
The size of a down payment is much more significant than the interest rate in determining how much more someone is willing to pay for a house, according to researchers at the Federal Reserve Bank of New York.
Though several members agreed that the U.S. economy is moving towards their objectives, the Federal Open Market Committee (FOMC) in June concluded that conditions did not yet warrant an increase in the federal funds rate.
ABA and its American Bankers Insurance Association subsidiary yesterday welcomed a pair of bipartisan bills, S. 1679 and H.R. 2901, that would help develop a competitive private marketplace as an alternative to the National Flood Insurance Program.
To help bankers make the most of Take Your Lawmaker to Work Week on Sept. 21-25, ABA has announced an additional free webinar on Wednesday, Aug. 5, at 1 p.m. EDT.
ABA yesterday released a bank members-only staff analysis of the Department of Labor’s proposal to revise the requirements for employees to be exempt from overtime pay under the Fair Labor Standards Act.
ABA yesterday said it welcomed the Consumer Financial Protection Bureau’s proposed delay of implementation of the TILA-RESPA integrated disclosures to Oct. 3.
Four senators yesterday re-introduced what they called the “21st Century Glass-Steagall Act,” a bill that would reintroduce barriers between commercial and investment banking.
fTLD Registry Services — the company ABA helped set up to run the new .bank domain — has released a free guide to help bankers make the most of the .bank domain.