ABA Voices Support for Cannabis Banking Legislation
In a letter to Senate members on Friday, ABA offered support for S. 1200, the Secure and Fair Enforcement Banking...
Policy
Fed’s Bowman: Compliance Concerns Hindering Community Bank Innovation
Federal Reserve Governor Michelle Bowman today expressed concern that regulatory complexities and compliance issues could be hindering community banks’ approach...
Large Bank CEOs Raise Concerns About Cybersecurity, Slowing Global Growth
Cybersecurity and the slowing of the global economy are two key issues of concern, the CEOs of the nation’s largest...
Quarles: SOFR Meets Regulatory Due Diligence Requirements
Regulatory agencies will expect banks to conduct thorough due diligence on the reference rates they use, but the Secured Overnight...
ABA Presses for an Optional Community Bank Leverage Ratio of 8%
ABA today filed a comment letter on the federal banking agencies’ proposal to set a community bank leverage ratio at...
Fed Proposes Tailored Living Wills, Foreign Bank Capital Framework
The Federal Reserve today proposed several changes to its resolution planning framework for large banking companies, as well as to...
Sens. Crapo, Moran Call for 8% Community Bank Leverage Ratio
Senate Banking Committee Chairman Mike Crapo (R-Idaho) and committee member Jerry Moran (R-Kan.) on Friday called for the banking agencies...
ABA, Groups to CFPB: Continue Allowing for Estimates in Remittance Disclosures
ABA, its transaction banking subsidiary BAFT and other industry trade associations today urged the Consumer Financial Protection Bureau to continue...
EEO-1 Reporting Delayed Until Sept. 30
The U.S. Equal Employment Opportunity Commission announced in a court filing that it is delaying the deadline to Sept. 30,...
Luetkemeyer, McHenry Query SEC on CECL Effects
Senior House Financial Services Committee member Blaine Luetkemeyer (R-Mo.) and Ranking Member Patrick McHenry (R-N.C.) today wrote to Securities and...
