Browsing: Policy

Economy

Banks do not base decisions on how much they should hold in reserve at the Federal Reserve Banks on their desire to earn the interest paid on excess reserves, according to a Fed survey of senior financial officers released today.

Newsbytes

Sen. Thom Tillis (R-N.C.) yesterday introduced a long-awaited bill—S. 1564—calling for a delay in the implementation of the Financial Accounting Standards Board’s current expected credit loss standard until a quantitative impact study can be completed to understand its likely effects it will have on the economy.

Compliance

ABA, along with several other industry trade groups under the Partnership to Protect Workplace Opportunity, today expressed support for the U.S. Department of Labor’s proposed rewrite of the Obama administration’s 2016 overtime rule, which was overturned in federal court.

Newsbytes

In a recent letter to congressional leaders, the American Bankers Association called for the extension of the National Flood Insurance program to ensure that millions of Americans can continue to access flood insurance coverage as Congress contemplates more significant changes to the program.

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