ABA, associations seek agency alignment on Genius Act implementation
The National Credit Union Administration should coordinate with the banking agencies to ensure that Genius Act implementation is substantially similar...
Policy
ABA: OCC policy changes create uncertainty about minority deposit institution status
In a new letter, ABA cited several concerns about the OCC’s recent revisions to its standards for designating minority deposit...
ABA, state bankers associations urge House leaders to support Main Street Capital Access Act
A proposed bill to tailor bank regulation and boost de novo bank formation would promote economic growth in communities across...
Scott, Vought warn against price controls on credit, bank products
Restrictions on credit card rates and overdraft protection fees ultimately hurt the people they are meant to protect by limiting...
Vought calls for more CFPB oversight, says open banking proposal coming soon
Congress should enact legislation to better define “unfair, deceptive, or abusive acts or practices” to avoid abuses by future regulators,...
Common Cents Act clears House
The House passed by voice vote bipartisan legislation to implement the phaseout of the penny by providing a framework for...
House bill would increase transparency about small business lending program risks
A proposed bill supported by ABA would require the Small Business Administration to provide and make public more details about...
ABA warns against increasing administrative burden for CDFI Fund awards
While ABA supports responsible stewardship of federal financial assistance, any changes to how that assistance is distributed should preserve the...
Fed’s Warsh: Tailored regulation best supports domestic banking sector
In his first appearance before Congress as head of the Federal Reserve, Chairman Kevin Warsh stressed the need for tailored...
ABA, ICBA join state associations in urging Senate to strengthen stablecoin yield provisions in Clarity Act
In a joint letter to Senate leaders, ABA, ICBA and 76 state associations representing thousands of community financial institutions across...
