Bankers: Local lending at risk if stablecoin payment of interest loophole isn’t closed
Warning of the potential fallout for banks and the communities they serve, bank leaders from across the U.S. are urging...
Payments
ABA, associations ask agencies to commit to reproposing conflicting Genius Act rules
As the various federal banking agencies race to establish separate regulations for stablecoin issuers, they should be open to reproposing...
ABA seeks equal treatment for all institutions under proposed stablecoin BSA, sanctions rule
ABA supports the OCC’s proposed approach to treat stablecoin issuers like financial institutions for Bank Secrecy Act and sanctions compliance,...
ABA, CBA urge Fed to strengthen safeguards for proposed ‘payment accounts’
The Federal Reserve’s proposed payment account framework is a prudent approach to responsible innovation if additional safeguards are adopted to...
Hispanic business group warns Clarity Act will harm local lending
A market structure bill for digital assets threatens to weaken the financial ecosystem supporting Hispanic-owned businesses by spurring the migration...
ABA, associations: Updated crypto market structure bill still puts local lending at risk
The latest version of a proposed market structure bill for digital assets still puts at risk the local lending that...
Directors Briefing: For stablecoins and tokenized deposits, the value of focusing on strategy
The takeaway is not that every bank needs a stablecoin strategy tomorrow. It is that stablecoins are no longer purely...
Nichols: ABA seeks ‘surgical’ changes to crypto market structure bill
ABA isn’t opposed to market structure legislation for digital assets but is seeking “tiny, surgical” changes to ensure the Genius...
ABA, associations seek agency alignment on Genius Act implementation
The National Credit Union Administration should coordinate with the banking agencies to ensure that Genius Act implementation is substantially similar...
Scott, Vought warn against price controls on credit, bank products
Restrictions on credit card rates and overdraft protection fees ultimately hurt the people they are meant to protect by limiting...
