IRS strikes funding rule from new tax on stock repurchases
The IRS has removed a controversial rule in a new regulation implementing a 1% excise tax on certain types of...
Policy
IRS releases interim guidance on ACRE Act tax benefit
The IRS issued interim guidance for a new tax benefit for lenders serving rural and agricultural communities, which was included...
ABA, associations: Extend deadline for revised data breach standards
ABA and nine associations asked the SEC to extend the compliance date for recent amendments to its data breach standards...
ABA survey: Majority of U.S. consumers think Congress should hold credit unions accountable
A new ABA survey found that a wide majority of U.S. consumers (67%) believe that Congress should reexamine the tax-exempt...
FOMC minutes show division over December rate cut
The members of the Federal Open Market Committee expressed “strongly differing views” over whether to further trim the federal funds...
Fed’s Miran warns against overregulation of the banking industry
Policymakers should resist the urge to “overreact” in the wake of crisis, as they did following the 2008 financial crisis,...
Senate Banking Committee advances Hill nomination to be FDIC chair
The Senate Banking Committee voted to advance the nomination of Travis Hill to be FDIC chairman. He is currently acting...
Trump nominates CFPB director
President Trump has nominated Stuart Levenbach to lead the CFPB, but a bureau spokesperson told Politico the nomination was a...
ABA, consumer group urge action by voice service providers to combat fraud
ABA joined other industry trade groups and a consumer rights organization in urging the FCC to require voice service providers...
House lawmakers debate deposit insurance reform
Lawmakers on the House Financial Services Committee heard from bankers and other experts on possible ways to modernize the deposit...
