ABA backs legislation to spur new bank creation
A proposed bill seeks to spur new bank creation by easing federal capital requirements during their first few years of existence.
A proposed bill seeks to spur new bank creation by easing federal capital requirements during their first few years of existence.
It has been two decades since Congress held a hearing on the credit union industry, even as the industry’s top regulator expresses serious concerns about its oversight and priorities, ABA’s Robert Flock writes in a new American Banker opinion column.
Citing inconsistencies with the Basel Committee on Banking Supervision’s regulatory capital framework and its recent guidance on climate risk disclosures, ABA urged the committee to work with banks to develop alternate disclosures.
The Biden administration is requesting $325 million for the Community Development Financial Institutions Fund in its proposed budget for fiscal year 2025.
Meet Virginia banker Gary Shook, chair of ABA’s Government Relations Council
ABA recently joined 101 national, state and local industry trade associations to express support for H.R. 7367, the Overtime Pay Flexibility Act.
Banking regulators are considering what changes to the U.S. operational resilience framework may be appropriate as the risk for a major disruption in critical banking services grows, Acting Comptroller of the Currency Michael Hsu said.
The Community Development Financial Institutions Fund announced that Pravina Raghavan has started her tenure as director of the program.
Marcia Fudge, secretary of the U.S. Department of Housing and Urban Development, announced that she will resign from her position effective March 22.
There are significant downsides to the FDIC’s current regulatory approach to digital assets, which has contributed to the public perception that the agency is “closed for business” if banks are interested in anything related to blockchain or distributed ledger technology, FDIC Vice Chairman Travis Hill said.