ABA, state associations seek congressional hearing on credit unions
ABA and 52 state bankers associations urged lawmakers in the House and Senate to hold a hearing to determine whether...
Policy
CFPB planning new rules for data brokers later this year
CFPB Director Rohit Chopra said the bureau will propose new rules later this year to limit certain activities of data...
McConnell to step down as Senate Republican leader
Sen. Mitch McConnell (R-Ky.) announced that he will step down as the Senate Republican leader in November.
Déjà vu in state capitals
Legislation on ESG, artificial intelligence and interchange fees are once again on the table during the 2024 legislative sessions.
Fed’s Bowman shares concerns about data behind debit interchange fee proposal
Federal Reserve Governor Michelle Bowman said that she remained concerned about the data underpinning the Fed’s proposal to further lower...
Fed’s Barr outlines supervisory expectations for counterparty credit risk
The Federal Reserve plans to continue its supervisory focus on fundamental risk management related to counterparty credit risk, and it...
ABA: Proposed revisions to Call Report need further work
ABA recommended that banking agencies make several changes to their proposed revisions of the Federal Financial Institutions Examination Council reports—including...
ABA urges FCC to take steps to stop illegal texts impersonating banks
ABA and six associations urged the Federal Communications Commission to take additional action to combat text messages sent by bad...
The true cost of too much data
A 2024 ABA survey shows that the CFPB’s 1071 final rule will significantly increase the cost of small business credit.
CDFI Fund seeks comments on New Markets Tax Credit allocation application
The CDFI Fund and Treasury Department announced they are soliciting public comments concerning the New Markets Tax Credit program’s allocation...
