ABA Offers Feedback on Regulatory Burden of 1071 Reporting
ABA yesterday offered feedback to the Consumer Financial Protection Bureau on a survey questionnaire intended to gauge the potential one-time...
Policy
National Taxpayers Union Calls on Lawmakers to Revisit CU Tax Exemption
Congress should focus its attention in 2020 on the tax treatment of large, bank-like credit unions and reconsider the merit...
Keeping Banking Bipartisan in 2020
ABA’s advocacy successes in recent years are laying the groundwork for a return to bipartisanship on banking issues.
FCA Seeks Comments on Two Potentially Significant Regulatory Changes
In January, the Farm Credit Administration proposed two potentially significant regulations that could have mixed effects on the FCS, and...
Nichols Op-Ed: Philly Public Bank Proposal Creates Taxpayer Risk
Private-sector banks provide extensive service that eliminates any need for the city of Philadelphia to take on the taxpayer risk...
ABA’s Mercer Highlights Banks’ Progress in Diversity, Inclusion
In testimony before a House Financial Services subcommittee today, American Bankers Association SVP Naomi Mercer highlighted the strides banks have...
N.Y. Fed: SOFR Averages, Index to Be Published Starting in March
The Federal Reserve Bank of New York today published its final calculation methodology for determining the daily compounded averages of...
Quarles Makes Case for Fed Supervision Revamp
Taking note of the inherent tension in bank supervision between the need for confidentiality and tailoring on one hand and...
SBA Seeks Additional Comments on Changes to Express Loans, Affiliation Standards Rule
The Small Business Administration this week issued an interim final rule amending various regulations governing its business loan programs, including...
Fed’s Powell: Financial System ‘Generally in a Good Place’
Federal Reserve Chairman Jerome Powell told House lawmakers today that the U.S. financial system is “strong, and has been materially...
