Report: Sen. Crapo to Move Cannabis Banking Bill
Senate Banking Committee Chairman Mike Crapo (R-Idaho) signaled today that he will hold a committee vote on a bill that...
Policy
Senate Confirms Fed Governor Bowman to 14-Year Term
The Senate today voted to confirm Federal Reserve Governor Michelle Bowman to a full, 14-year term on the board of...
ABA’s Benton Discusses Importance of Getting Libor Transition Right
With the financial industry facing a future without Libor—which is currently being referenced in an estimated $200 trillion of financial...
Preliminary Analysis of 2018 HMDA Data and ABA Policy Recommendations
Banks want to expand safe and sound lending across the board and remain committed to enhancing the availability of credit...
BAFT Calls for Ex-Im Reauthorization
BAFT—ABA’s global transaction banking subsidiary—today joined a coalition of more than 200 organizations and companies calling on Congress to pass...
Pending CECL Delay Should Not Put Off Preparations, Regulators Say
With a pending proposal by the Financial Accounting Standards Board to delay the Current Expected Credit Loss standard’s implementation deadline...
NCUA’s Harper Says Agency Not as Rigorous on Consumer Compliance
The National Credit Union Administration’s current method of examining and enforcing consumer protection laws and regulations for institutions with less...
Appellate Court Finds GSE Net Worth Sweep, FHFA Structure Unconstitutional
The full Fifth Circuit Court of Appeals on Friday found that the so-called net worth sweep—in which the Federal Housing...
Treasury, HUD Issue Housing Finance Reform Recommendations
The Treasury Department today issued a much-anticipated blueprint for housing finance reform that includes providing explicit and paid-for federal government...
Fed’s Quarles Floats Potential Changes to Stress Capital Buffer Proposal
The Federal Reserve is considering further refinements to its stress capital buffer proposal in response to industry calls for greater...
