ABA Comments on IRS Proposal on Trust and Estate Deductions
In a comment letter last week, ABA offered feedback on a recent IRS proposal to address the treatment of deductions...
Policy
Banking Trade Groups Call for Inclusion of AML/CFT Bill in NDAA
In a letter to Senate Armed Services Committee leaders this weekend, ABA joined six other financial trade organizations calling for...
Fed: Most Banks Remain ‘Sufficiently Capitalized’ in COVID Stress Scenarios
All 33 banks participating in the Federal Reserve’s 2020 supervisory stress tests would remain above minimum regulatory capital levels under...
Agencies Finalize Rule to Amend Initial Margin Requirements for Inter-Affiliate Swaps
Five federal financial regulatory agencies today finalized a rule that removes the requirement for covered swap entities to collect initial...
Agencies Adopt Volcker Reforms on Covered Funds, Affiliate Transactions
The federal banking agencies today approved an interagency final rule amending the Volcker Rule’s treatment of covered funds and transactions...
FDIC Finalizes Rule Codifying ‘Valid When Made’ Principle
The FDIC today finalized an ABA-supported rule codifying that permissible interest on loans made by state-chartered banks and insured branches...
Podcast: OCC’s Brooks Plans to Unveil ‘Payments Charter 1.0’ This Fall
The OCC is planning to unveil what Acting Comptroller Brian Brooks called "payments charter 1.0" as soon as this fall,...
ABA Urges FHFA to Revisit FHLB Ban on Captive Insurers
As the Federal Housing Finance Agency weighs a rulemaking process on Federal Home Loan Bank membership eligibility, the American Bankers...
Industry Groups Oppose Rakuten’s Re-Submitted Deposit Insurance Application
The American Bankers Association joined the Bank Policy Institute and the Consumer Bankers Association today in expressing strong opposition to...
Financial Regulators Issue Examiner Guidance for Assessing COVID-19 Effects
Recognizing the significant and long-lasting effects of the coronavirus pandemic on financial institutions, federal and state financial regulators today issued...
