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...
Policy
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...
Tennessee Court Issues Temporary Injunction Blocking Bank Sale to Credit Union
A Tennessee court today issued a temporary injunction blocking the sale of Memphis-based Financial Federal Bank, a subsidiary of FedCorp,...
OCC Nominee Takes Softer Stance on ‘Relationship Banking’ in Prepared Testimony
In prepared testimony submitted ahead of her nomination hearing tomorrow, Saule Omarova, President Biden’s nominee for comptroller of the currency,...
Fed’s Waller Pushes Back on Stablecoin Report Recommendations
Challenging a recent report from the President’s Working Group on Financial Markets, Federal Reserve Governor Christopher Waller said at a...
