Congress to Vote on COVID-19 Relief Bill Tonight
With Congress poised to cast final votes on a $900 billion bipartisan coronavirus relief package later this evening, ABA staff...
Policy
CFPB Provides ABA-Advocated ECOA Guidance
The Consumer Financial Protection Bureau today issued guidance on Regulation B—which implements the Equal Credit Opportunity Act—as it applies to...
Congressional Leaders Announce Deal on Bipartisan COVID-19 Relief Package
After weeks of negotiations, congressional leaders tonight announced a deal for a $900 billion bipartisan coronavirus relief package.
CDC Recommends Bank Workers Be in Third Phase of Vaccinations
A panel of the Centers for Disease Control and Prevention today voted to include financial services workers in Phase 1c...
CFPB Finalizes Rule on Consumer Disclosures Related to Debt Collection
The Consumer Financial Protection Bureau today finalized the second part of its debt collection rule, which covers disclosures that debt...
Treasury Officials Call for Additional Round of PPP Funding
In a Wall Street Journal op-ed this week, two Treasury Department officials made the case for an additional round of...
NCUA Finalizes Controversial Rule Allowing CUs to Issue Subordinated Debt
In a move strongly condemned by ABA, the National Credit Union Administration today approved a final rule that would allow...
ABA’s Nichols Firmly Opposes NCUA Subordinated Debt Proposal
A move by the National Credit Union Administration to allow large credit unions to issue subordinated debt for regulatory capital...
Basel: Shadow Banking Sector Outpaces Banks in 2019
Bank-like activity by nonbanks that poses financial stability risks grew by 11.1% to total $57.1 trillion in 2019, according to...
Small Biz Panel to CFPB: Prioritize Simplicity, Consistency in Section 1071 Rules
Small entities expected to be affected by the Consumer Financial Protection Bureau’s Dodd-Frank Section 1071 rulemaking recommended that the CFPB...
