ABA Supports Changes to Eligibility Requirements for Single Family MBS Issuers
The American Bankers Association today wrote to Ginnie Mae in response to a recent request for input on eligibility requirements...
Policy
Congress Debates Significant Tax Changes
As part of its budgetary process known as “reconciliation,” the House of Representatives has outlined a series of income tax...
Biden Meets with Bank CEOs, Business Leaders to Discuss Debt Ceiling
Failing to raise the debt ceiling and allowing the U.S. to default on its debt would have potentially catastrophic consequences...
Quarles: Lenders Need to ‘Pick up the Pace’ on Libor Transition
Lenders need to “pick up the pace” to be ready for the year-end change away from Libor to alternative reference...
OCC’s Hsu: Agency Considering Ways to Boost Board Diversity
The OCC is weighing requirements for banks “to either diversify their boards or explain why they have not,” Acting Comptroller...
U.S. Postal Service Launches Financial Services Pilot Program in Select Cities
The U.S. Postal Service last month quietly launched a pilot program in four U.S. cities offering expanded financial services at...
ABA Calls for Permanent Relief from Physical Presence Requirement for Spousal Consent
The American Bankers Association and a coalition of retirement trade groups reiterated their request yesterday that the IRS make permanent...
Central Banks Highlight Conditions Required for CBDC Success
Central bank digital currencies will meet the goals envisioned by their proponents only if they include private-sector participation, interoperability with...
Debt Limit Questions Dominate House Finance Hearing on Pandemic Response
Treasury Secretary Janet Yellen called the possible consequences of breaching the debt ceiling “catastrophic” during a House Financial Services Committee...
Banking’s Future Bright, Colorado Banker Jim Reuter Tells Congress
The future of banking is bright, provided the policy environment continues to support growth, bank CEO Jim Reuter said in...
