ABA banker stresses need for collaboration to fight fraud
Despite the banking industry’s significant effort and investment in fraud prevention tools, bad actors continue to target U.S. consumers, Darrin...
Policy
ABA Foundation releases report on state hold laws to prevent elder financial exploitation
A new report by the ABA Foundation found that more than half of bankers in states with bank transaction “hold”...
Banking regulators to rescind 2023 Community Reinvestment Act rule
Banking regulators announced they intend to rescind the 2023 Community Reinvestment Act final rule “in light of pending litigation.” They...
CFPB will not enforce small-dollar rule
The CFPB announced that “it will not prioritize enforcement or supervision actions” with respect to its 2017 small-dollar lending rule,...
SEC ends court defense of climate disclosure rules
The SEC voted to end its defense to several court challenges of its climate disclosure rule. The Biden-era rule requires...
OCC restructures office to promote financial inclusion
The OCC has “restructured” one of its existing offices to promote financial inclusion, Acting Comptroller of the Currency Rodney Hood...
Senate vote moves CFPB overdraft rule closer to repeal
The 52-48 vote was along party lines, except for Sen. Josh Hawley (R-Mo.) who voted with Democrats. This moves the...
Podcast: Breaking down the executive order on Treasury checks
In the wake of this week's significant executive order directing the Treasury to eliminate the use of paper checks for...
ABA survey shows strong majority of Americans value overdraft protection
A new national survey conducted by Morning Consult on behalf of ABA shows that consumers value and understand existing overdraft...
ABA-backed bill to block CBDC introduced in Senate
Sen. Ted Cruz (R-Texas) announced he has introduced legislation to block the Federal Reserve from issuing a central bank digital...
