Sen. Boozman Criticizes ‘Misguided’ Postal Banking Pilot
Attempts by the U.S. Postal Service to expand its offerings to include financial services at a time when improvements to...
Policy
ABA, State Associations Call for Inclusion of Cannabis Banking Bill in NDAA
The American Bankers Association and 51 state bankers associations today urged Senate leadership to include the SAFE Banking Act in...
CFPB Publishes Research on Overdraft, Fee Revenues
Three types of aggregate fee revenues—maintenance fees, ATM fees and overdraft fees—all declined in 2020, with overdraft fees seeing the...
ABA Pushes For SBA Ban on Making Direct Loans Through 7(a) Program
The American Bankers Association yesterday wrote in support of H.R. 6037, legislation that would prohibit the Small Business Administration from...
Nichols Comments on Political, Cyber Risks Facing Banks
Speaking on a virtual panel at FT Live's Global Banking Summit Wednesday, ABA President and CEO Rob Nichols addressed top...
ABA, Trade Groups Urge Senate to Include Cannabis Banking Bill in NDAA
The American Bankers Association joined a broad coalition of industry trade groups in a letter to Senate leadership, members of...
Fed: Banking System Conditions Improved in 2021 as Banks Remain Strong
The financial condition of the banking system remained strong and improved during the first half of 2021, despite some lingering...
Biden Taps Powell for Second Term as Fed Chair, Brainard for Vice Chair
President Biden today announced that he will re-nominate Federal Reserve Chairman Jerome Powell to serve a second term as head...
NCUA Approves Field of Membership Rule
The National Credit Union Administration on Thursday unanimously approved—with changes—a final rule expanding field of membership requirements for multiple common...
Senators Scrutinize OCC Nominee’s Stance on Bank Reg Reform Law
Testifying before the Senate Banking Committee today, Saule Omarova—President Biden’s nominee to serve as the next comptroller of the currency—faced...
