IRS updates contribution limits for HSAs
The Internal Revenue Service today released updated contribution limits—adjusted for inflation—for health savings accounts for 2023.
Policy
FinCEN to issue proposal on beneficial ownership database this year
As the Financial Crimes Enforcement Network works to implement the Corporate Transparency Act—an ABA-advocated provision of the Anti-Money Laundering Act...
ABA to policymakers: Don’t undermine private-sector payments innovation
In a statement for the record of a House Financial Services Committee task force hearing, ABA urged lawmakers to “remain vigilant and deliberate”...
Bankers associations urge Competes Act conferees to advance cannabis banking bill
As the House and Senate work to reconcile differences between their respective versions of the America Competes Act, the American...
Chopra resists requests to define ‘junk fees’ with specificity
Under pressure from Republican lawmakers to define what he meant by “junk fees”—a term coined by the bureau as part...
FDIC names new community banking committee members
The FDIC has appointed seven new members to its Advisory Committee on Community Banking. Twelve of 19 on the panel...
Nichols op-ed: CFPB is ‘regulator going rogue’
Shortly before CFPB Director Rohit Chopra began the first of two days of oversight hearings on Capitol Hill, ABA President...
CFPB to examine nonbanks for consumer risks
The Consumer Financial Protection Bureau today said it would invoke a “largely unused” authority under the Dodd-Frank Act to directly...
Regulatory arbitrage in the payments system is risky business
Innovation that puts the payment system at greater risk isn’t “disruption.” It’s an unforced error that the Fed can and...
Lawmakers: USPS financial services pilot program still unlawful
Republican lawmakers ask the U.S. Postal Service to stop the extension of a financial services pilot program that they claim...
