Powell, Yellen Discuss Persistent Inflation, Systemic Risk
Higher inflation rates “will likely remain so in the coming months,” Federal Reserve Chairman Jerome Powell acknowledged today in testimony...
Policy
ABA Raises Concerns about OCC Nominee’s Views on Bank Policy
President Biden yesterday announced that he will nominate Saule Omarova to serve as comptroller of the currency.
House Committee Votes to Include Cannabis Banking Bill in NDAA
In an overwhelming, bipartisan vote this week, the House Rules Committee agreed to include the SAFE Banking Act—an American Bankers...
Podcast: Breaking Down the Tax Reporting Proposal and Its Path in Congress
The fight on Capitol Hill over the Biden administration's controversial tax proposal is likely to go on for another four...
Freddie Mac Clarifies Group Home Mortgage Purchase Policies
Following misunderstanding about Freddie Mac's rules for purchasing mortgages secured by group homes, the Department of Housing and Urban Development...
ABA Highlights Industry Progress to Help Customers Securely Share Financial Data
In a statement for the record shared ahead of a House Financial Services subcommittee hearing on consumer access to personal...
ABA, Trade Groups: IRS Reporting Proposal Raises Data Privacy Concerns
The American Bankers Association, along with more than 40 trade associations, sent a joint letter to House leadership expressing concerns...
Yellen Keeps Up Push for IRS Reporting Proposal in Spending Bill
Treasury Secretary Janet Yellen this week called on House Ways and Means Committee Chairman Richard Neal (D-Mass.) to include in...
FHFA Proposes Changes to Regulatory Capital Framework for Fannie, Freddie
The Federal Housing Finance Agency proposed changes to the prescribed leverage buffer amount and the capital treatment of risk transfers...
OCC’s Hsu: Regulatory Coordination Needed to Ensure Level Playing Field
In remarks at an industry event today, Acting Comptroller of the Currency Michael Hsu called for coordination between regulatory agencies...
