ABA, ICBA Caution against Subjecting FDIC, Fed to Appropriations Process

The American Bankers Association, together with the Independent Community Bankers of America, wrote to Senate Appropriations Committee leadership today urging lawmakers to reject provisions included in the House appropriations bill for FY2018 that would bring the FDIC and the non-monetary functions of the Federal Reserve under the appropriations process.

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ABA Concerned about Feasibility of Small Biz Data Collection

As the Consumer Financial Protection Bureau prepares to implement Section 1071 of the Dodd-Frank Act -- which calls for the bureau to collect data on women-owned, minority-owned and small businesses -- ABA expressed concern today that the data collection will prove unable to fulfill its statutory objectives of providing insight on fair lending and community development needs.

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