Nichols Elected Chairman of International Banking Federation
The International Banking Federation has elected ABA President and CEO Rob Nichols to a two-year term as chairman of the...
Newsbytes
Strong Labor Market, Moderate Growth Cited in FOMC Rate Decision
A strong labor market, moderate GDP growth and inflation below 2% factored into the Federal Open Market Committee’s decision at...
ABA Data Bank: ATM Cash Withdrawal Trends
As ATM withdrawals decline in number, the average transaction value has gone up.
ABA’s McKechnie: Congress Must Not Lose Focus on HSA Legislation
Amid a crowded legislative calendar—including an impeachment trial in the Senate—health care costs remain a top concern for most Americans,...
SEC Proposes Updates to Auditor Independence Framework
The Securities and Exchange Commission proposed changes to modernize its auditor independence framework last updated in 2003.
Agencies Provide Reg O Relief for Certain Fund-Controlled Companies
Noting the growing risk of “sudden and disruptive unwinding” of lending relationships, the federal banking agencies today issued no-action relief...
ABA to SEC: ‘Guide 3’ Update Should Leave Out CECL-Specific Disclosures
While generally welcoming the Securities and Exchange Commission’s proposed updates to “Guide 3,” ABA urged the SEC to allow more...
Fed Finalizes Extended Hours to Facilitate Same-Day ACH
In a move supported by ABA, the Federal Reserve today finalized new operating hours and procedures for the National Settlement...
FDIC’s ‘Supervisory Insights’ Highlights CRE Risk Governance
With the volume of commercial real estate loans held by FDIC-insured banks reaching a record of $2.4 trillion in 2019,...
Fed Study Finds Inconsistent Advertising of Nonbank Small Biz Loan Terms
The way nonbank online lenders advertise or disclose up-front loan terms and costs for small businesses varies greatly, producing confusion...
