FDIC’s Hill criticizes policy approach to digital assets, FHLB lending
There are significant downsides to the FDIC’s current regulatory approach to digital assets, which has contributed to the public perception...
Policy
Wall Street Journal: White House playing ‘whack-a-bank’ with late fee rule
A new CFPB rule to cap credit card late fees at $8 is the latest move to turn banks into...
Regulators to waive certain appraisal requirements to assist in Maui recovery
Federal banking agencies will grant temporary exceptions to Financial Institutions Reform, Recovery and Enforcement Act appraisal requirements for real estate-related...
IRS: Some wellness expenses not deductible under tax code
The IRS issued a reminder to taxpayers, businesses and heath spending plan administrators that personal expenses for general health and...
House passes capital formation package
The House passed a package of capital markets bills that included ABA-supported provisions on SEC reporting thresholds and 403(b) retirement...
FHFA launches test program aimed at reducing closing costs
FHFA Director Sandra Thompson announced that the agency has launched a pilot program to waive the requirement that lenders first...
ABA expresses support for bills on UDAAP enforcement, debit interchange
ABA expressed support for two House bills, one seeking to clarify standards for UDAAP enforcement actions brought by the CFPB,...
ABA, U.S. Chamber sue CFPB over regulation restricting credit card late fees
ABA joined the U.S. Chamber of Commerce and four business groups in filing a lawsuit in federal court challenging the...
Bowman shares ‘significant concerns’ about possible liquidity regulation
Liquidity regulation has the potential to impose significant costs and limit the lending capacity and business operations of banks, which...
SEC approves climate disclosure rule
The Securities and Exchange Commission voted approve new climate disclosure requirements for publicly traded companies.
