Op-Ed Highlights Consequences of NCUA Appraisal Threshold Proposal
A move by the National Credit Union Administration to quadruple the appraisal threshold for nonresidential real estate loans could have...
Policy
Citing Economic Risk, Senators Call for CECL Delay, Study
Led by Sens. Thom Tillis (R-N.C.) and Doug Jones (D-Ala.), a bipartisan group of 15 senators wrote to the Federal...
Fed Report: Bank Capital ‘Well Above Regulatory Requirements’
With Vice Chairman for Supervision Randal Quarles scheduled to testify on Capitol Hill next week, the Federal Reserve today released...
Leveraged Lending Is Rising, But Bank Exposure Is Limited
The rapid growth is attributable largely to nonbanks. Should this group of loans start underperforming, the risk to the banking...
ABA Pushes Back on Ocasio-Cortez, Sanders Cap on Consumer Loan Rates
After Rep. Alexandria Ocasio-Cortez (D-N.Y.) and Sen. Bernie Sanders (I-Vt.) today unveiled a bill that—among other things—would cap consumer loan...
House Financial Services Committee Advances BSA/AML Bill
The House Financial Services Committee today voted to advance H.R. 2514—an American Bankers Association-backed bill introduced by Rep. Emanuel Cleaver...
State AGs Call for Legal Clarity on Banking Legitimate Cannabis Businesses
In letter to congressional leaders today, a bipartisan group of 38 state attorneys general urged lawmakers to advance legislation allowing banks...
ABA Urges Narrower Definition of ‘Deposit Broker,’ Changes to National Rate Cap
In a comment letter to the FDIC today, ABA advocated for updates to the agency’s outdated and overly broad brokered...
ABA, Financial Groups Support Anti-Money Laundering Bills
ABA today joined eight industry trade groups in a letter of support for two anti-money laundering bills being considered by...
Quarles Downplays Leveraged Lending Risks to Banks
In the wake of the Federal Reserve’s biennial financial stability report released yesterday, which flagged leveraged loans as a risk...
