ABA Urges Alternative Method for Setting Management Interlock Rule Threshold
While noting that it appreciates the bank regulators’ intent in their recent proposal to raise the thresholds at which bank...
Policy
Florida’s Sanchez: ‘Corporate Welfare’ for Credit Unions Must End
Congress cannot proclaim its support for community banks while allowing tax-subsidized credit unions to continue growing and competing against banks...
Quarles Defends Fed Decision to Hold Capital Buffer at Zero
Federal Reserve Vice Chairman for Supervision Randal Quarles today defended the agency’s decision to hold the countercyclical capital buffer for...
Rep. Waters, Top White House Economist to Speak at ABA Summit
The American Bankers Association announced today that House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) and Kevin Hassett, the chairman...
Fed’s Quarles: Global Regulators Keeping Close Eye on Big Tech, Shadow Banking
Prominent on the Financial Stability Board’s 2019 agenda are the role of big technology firms in financial services and the...
House Committee Advances ABA-Backed Cannabis Banking Bill
By a vote of 45 to 15, the House Financial Services Committee today advanced the American Bankers Association-backed Secure and...
GAO Recommends Beefing Up FTC, CFPB Enforcement of Nonbank Data Privacy
To mitigate the risk of data breaches like the Equifax breach in 2017, the Federal Trade Commission should have civil...
ABA-Backed Bill Would Level Playing Field for Banks on Farm Real Estate Loans
Rep. Steve Watkins (R-Kan.) today introduced the Enhancing Credit Opportunities for Rural America Act (H.R. 1872), which would end taxation...
ABA Urges Committee to Support Cannabis Banking Bill
Ahead of tomorrow’s markup of the bipartisan Secure and Fair Enforcement Banking Act—which would address the issue of providing financial...
FHA Takes Action to Mitigate Rising Credit Risk in Single-Family Mortgages
Citing rising credit risk in its single-family loan portfolio, the Federal Housing Administration this month reintroduced manual underwriting requirements for...
