Kugler to resign from Federal Reserve Board
Federal Reserve Governor Adriana Kugler will step down from her position on the Fed board, effective Aug. 8. She plans...
Policy
Court grants extension of pause in stress test lawsuit
A federal court granted a request by the Federal Reserve and a coalition of bank and business associations to extend...
House committee seeks input on data privacy, possible legislation
The House Financial Services Committee is seeking public feedback on current federal consumer financial data privacy law and potential legislative...
Bill would create regulatory labs for financial institutions to test AI
A bipartisan group of senators and House lawmakers introduced a bill to create regulatory “sandboxes” for artificial intelligence test projects...
White House task force releases recommendations for crypto policy
A White House task force released a report on strategies to strengthen U.S. leadership in digital assets, including policy recommendations...
FOMC holds rates steady
The FOMC announced that it will hold the target range for the federal funds rate at 4.25%-4.5%. However, Governors Michelle...
Court pauses lawsuit over Section 1033 data sharing rule
A federal court granted a stay in a lawsuit challenging the CFPB’s financial data sharing rule after the bureau requested...
State bankers associations seek federal study on credit unions’ tax status
The Treasury Department should conduct a study of the $2.37 trillion credit union system to determine whether its current activities...
ABA, associations seek revisions to Fed’s debit card survey
ABA and five financial sector associations this week reiterated their longstanding concerns about the Federal Reserve’s Debit Card Issuer Survey,...
Senate Banking Committee advances bill to accelerate housing construction
The Senate Banking Committee unanimously voted to advance bipartisan legislation to boost housing supply. ABA submitted comments in support of...
