ABA, SIFMA ask SEC to delay effective date on crypto-asset bulletin
Amid the growing ownership of digital assets like cryptocurrencies, the American Bankers Association and the Securities Industry and Financial Markets...
Policy
ABA: Updates needed to FDIC merger guidelines
In a detailed comment letter to the FDIC on Friday, the American Bankers Association called for updates to the agency’s...
ABA joins coalition opposing California emissions bill
ABA yesterday joined a broad coalition of more than 40 trade groups—led by the California Chamber of Commerce—in a letter...
ABA: Case not yet made for a U.S. CBDC
According to ABA, at present, a U.S. CBDC doesn’t solve a specific financial problem or respond to a pressing economic...
CFPB to lenders: Algorithms, AI used in credit decisions must be explainable
In a new circular, the CFPB said that under the Equal Credit Opportunity Act and Regulation B, creditors are not...
McHenry discusses supply chain, crypto regulation at economic forum
Rep. McHenry (R-N.C.), ranking House Financial Services Committee member, said a well-regulated space is necessary for the digital asset/cryptocurrency ecosystem.
CSBS urges lawmakers to include SAFE Banking Act in Competes Act
As lawmakers attempt to reconcile the House and Senate versions of the America Competes Act, the Conference for State Bank...
IBFED comments on OECD ‘Pillar One’ tax exclusion for financial services
The International Banking Federation—of which ABA is a member—filed a comment letter last week with the Organization for Economic Cooperation...
CFPB overhauls Office of Innovation to focus on ‘promoting competition’
The CFPB today announced that it will open a new Office of Competition and Innovation. This new office will replace...
ABA recommends reauthorizing NFIP on a five-year basis
NFIP is “essential” so borrowers in flood-prone areas can access mortgage collateral and insurance to protect their properties, ABA said.
