Warsh: Fed independence must be ‘earned’
Kevin Warsh appeared before senators at an often confrontational hearing on his nomination to be Federal Reserve chairman, where he...
Policy
ABA supports proposed reforms to OCC appeals process
An independent supervisory appeals process at the OCC would serve as a crucial backstop to support and promote fair and...
Nebraska enacts law to curb social media scams
Nebraska lawmakers have passed legislation requiring social media companies to take steps to detect and remove fraudulent advertising on their...
ABA supports deregulatory approach in proposed CFPB strategic plan
The CFPB's new focus on reversing regulatory overreach and reducing unnecessary regulatory burdens will help make financial services more affordable...
FHLBs propose allowing letters of credit for discount window advances
Federal Home Loan Bank members should be allowed to use short-term FHLB letters of credit to secure advances through the...
Senate Democrats seek delay of Fed chair nomination hearing
The eleven Democratic members of the Senate Banking Committee called for the committee to delay the nomination hearing for Kevin...
ABA: Policymakers should avoid changes that reduce credit availability
The Fair Credit Reporting Act is a critical consumer protection law that supports responsible lending, and policymakers should avoid changes...
Report: Trump administration ends lease for CFPB headquarters
The OCC has terminated the lease on the CFPB’s headquarters six years early, according to government records obtained by Reuters...
ABA Foundation testifies on protecting older Americans from financial exploitation
During a Senate hearing, the ABA Foundation outlined the critical role banks play in protecting older Americans from fraud and...
Senators seek at least $324M for CDFI Fund
Forty-three senators are asking their colleagues to set aside at least $324 million for the CDFI Fund and require those...
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