ABA, associations criticize shaky foundation for executive compensation proposal
The reintroduction of a 2016 proposed rule to create new limits on incentive compensation at certain financial institutions does not...
Policy
ABA, associations support bill to pause debit card fee proposal
ABA and four banking and credit union associations voiced their support for legislation that would pause a Federal Reserve proposal...
ABA: Proposed changes to bank merger process need further work
In comments, ABA shared multiple concerns about an FDIC proposal to potentially change how the agency reviews bank merger applications.
Don’t reward misleading data
The CFPB continues to mislead policymakers and the public about credit card rewards programs.
Labor Department updates guidance on debit cards and unemployment compensation
The Department of Labor recently updated its regulatory guidance to state workforce agencies on using state-administered debit cards for unemployment...
ABA releases ads encouraging Reps. Ciscomani, Davis to fight for small businesses, workers
New ads encourage Rep. Juan Ciscomani (R-Ariz.) to keep fighting for policies that will protect workers and recognize Rep. Don...
Fed’s Bowman: Regulators must be more open to banking innovation
Financial innovation must be a core regulatory priority, with regulatory and supervisory resources and attention focused on building a policy...
Debate in the states
As legislative battles over ESG issues heat up at the state level, are bank DEI initiatives in jeopardy?
Hsu: Banks should enact proper controls at each stage of AI adoption
For banks interested in adopting AI establishing clear and effective controls between each phase of implementation of the technology could...
FinCEN releases FY 2023 Bank Secrecy Act data
FinCEN received approximately 4.6 million suspicious activity reports in fiscal year 2023, for an average of 12,600 reports a day,...
