Without ECIP Fix, Many Eligible CDFIs, MDIs Will Be Left Out of Key Investment Opportunity
Time is running out for the Federal Reserve to make a simple but critical fix to ensure infusions of funds...
Policy
Treasury Announces Additional Sanctions against Russia
The Treasury Department today issued a new round of sanctions against individuals who have supported Russian President Vladimir Putin’s invasion...
Congress Passes ABA-Backed Bill Addressing Tough Legacy Libor Contracts
The Senate late Thursday night passed an omnibus spending package that included a bipartisan, American Bankers Association-backed bill to address...
ABA Urges House to Drop Credit Union Charter Enhancement Legislation
The American Bankers Association wrote today in opposition of the credit union industry’s latest attempt at charter enhancement.
House Clears Omnibus Spending Bill Containing ABA-Advocated Provisions
The House today approved an omnibus appropriations package that includes several banking-related provisions, including ABA-backed legislation that would address “tough...
OCC’s Hsu: ‘You Don’t Want to Be Last’ to Offer Traditional Overdraft Programs
Speaking at the ABA Washington Summit, Acting Comptroller of the Currency Michael Hsu today ramped up his rhetoric urging banks...
Biden Signs Executive Order to Advance Digital Assets, Explore CBDC
President Biden today signed a long-awaited executive order directing government agencies to take “concrete steps” to advance the use of...
Tester: Libor Fix Legislation Is in Must-Pass Spending Bill
A bipartisan, ABA-advocated bill to address “tough legacy” Libor contracts is included in the omnibus spending bill that Congress is...
Zarate: Russia Sanctions Put Banks on the Front Line
Financial counterterrorism expert discusses what Russia’s invasion of Ukraine and sanctions mean for U.S. banks.
Perlmutter Pledges Continued Efforts to Pass SAFE Banking Act
During the last year of his service in Congress, Rep. Ed Perlmutter pledged continued work to pass the ABA-advocated SAFE...
