Banking Trades Urge Further Study of Overdraft Use
A group of financial trade associations led by ABA today urged the CFPB to conduct a study of consumers’ preferences...
Policy
Brainard: Fed Will Not Tell Banks to Restrict Lending to Oil and Gas Firms
With regulatory scrutiny of climate change-related risks growing, Federal Reserve Governor Lael Brainard promised today that the Fed’s climate risk...
Acting OCC Chief Advocates More Regulatory Structure for Cryptocurrency
The pace of innovation in crypto is exciting and industry growth is an opportunity for banks but regulation is needed,...
Thompson: Congress Must Determine Future of Fannie, Freddie
Federal Housing Finance Agency Acting Director Sandra Thompson, President Biden’s nominee to lead the agency on a permanent basis, today...
Powell: Climate Stress Scenarios to be Key Tool, Broader Climate Answers Must Come From Others
Climate change stress tests will “be a key tool going forward,” Federal Reserve Chairman Jerome Powell told members of the...
ABA Urges Tailored Securities Lending Reporting to Minimize Burdens, Market Disruptions
ABA told the Securities and Exchange Commission on Friday that proposed new disclosure rules for the reporting of securities loans...
McWilliams to Resign from FDIC
FDIC Chairman Jelena McWilliams today announced that she will resign from the agency on Feb. 4.
FDIC Releases New FAQs, Designated Exception on Brokered Deposits
The FDIC this week released three new frequently asked questions on its brokered deposits rule, which took effect in April...
ABA, Groups Seek Changes to Support Sub S, Mutual Banks Receiving ECIP Investments
With the Treasury Department investing $8.7 billion in community development financial institutions and minority depository institutions through its Emergency Capital...
ABA Cautions FASB on Enhanced Disclosures as Replacement for TDRs
ABA today expressed support for a Financial Accounting Standards Board proposal that would eliminate the current accounting guidance for troubled...
