Kansas Banker Urges Support for ABA-Backed Ag Bill
Kansas banker Shan Hanes testified before a House Agriculture Subcommitee today, offering the association’s perspective on agricultural credit issues in...
Policy
McWilliams: Brokered Deposit Proposal Will Seek to Foster Innovation
FDIC Chairman Jelena McWilliams today previewed the long-awaited overhaul of the brokered deposit rule, which the agency is poised to...
ABA Raises Concerns Over New Credit Reporting Bill
A new bill—H.R. 5332, introduced by Rep. Josh Gottheimer (D-N.J.)—could make credit reports less predictive and useful while weakening the...
FinCEN’s Blanco Touts Need for Legislative Solution on Beneficial Ownership
The lack of beneficial ownership information collected when companies are formed is “a dangerous and widening gap in our national...
ABA Pushes Back Against ‘Seriously Flawed’ CU Field of Membership Amendments
In a letter to the National Credit Union Administration today, the American Bankers Association reiterated its strong opposition to two...
Quarles Signals CRA Final Rule Could Still Involve All Three Agencies
While the Federal Reserve is unlikely to join the highly anticipated notice of proposed rulemaking to revise the Community Investment...
Quarles Flags Potential Regulatory Factors in Repo Market Turmoil
Federal Reserve bank liquidity rules may have contributed to this fall’s repo market volatility, which in turn caused the Fed...
ABA Outlines Key Elements for Inclusion in Federal Data Privacy Legislation
Ahead of a Senate Commerce Committee Hearing today, the American Bankers Association submitted a statement for the record outlining several...
Banking Agencies Issue ABA-Urged Guidance on Hemp Banking
The federal banking agencies and the Financial Crimes Enforcement Network, in consultation with the Conference of State Bank Supervisors, today...
WSJ Article Examines Mission Creep, Rising Risk Among Credit Unions
Tax-exempt credit unions—which have seen significant growth in the years since the financial crisis—are increasingly “using their newfound financial heft...
