ABA Urges Treasury, Regulators to Fix Capital Rule Problems
As part of the banking industry’s continuing response to President Trump’s executive order outlining “core principles” for financial regulation, ABA...
Policy
U.S.-China Talks See Movement on ‘Engage China’ Priorities
Last week’s bilateral talks with President Donald Trump and Chinese President Xi Jinping saw movement toward financial markets openness sought...
Study: Small Merchants Value Service, Not Price, on Interchange
Small merchants place a higher value on the services they get when accessing the payments system than on paying a...
ABA Community Bankers Meet with Mnuchin, Top Treasury Leaders
Treasury Secretary Steven Mnuchin and his leadership team today hosted a diverse group of community bankers to discuss unnecessary and...
Senators Reintroduce ABA-Backed Liquidity Definition Bill
Sens. Mike Rounds (R-S.D.) and Mark Warner (D-Va.) today reintroduced a bipartisan bill that would expand banks’ ability to count...
Watchdog: IRS Seizure Program Victimized Lawful Businesses
The Internal Revenue Service’s seizure program for allegedly structured business deposits swept up millions of dollars in legally sourced funds...
Lawmakers Introduce ABA-Backed Bills Targeting PACE Loans
Sens. Tom Cotton (R-Ark.), Marco Rubio (R-Fla.) and John Boozman (R-Ark.) and Reps. Brad Sherman (D-Calif.) and Ed Royce (R-Calif.)...
ABA Proposes Changes for Next Farm Bill
Testifying on behalf of ABA today at a hearing before the House Agriculture Committee’s Commodity Exchanges, Energy and Credit Subcommittee,...
Admitting Role in Leak, Richmond Fed’s Lacker Resigns Immediately
Jeffrey Lacker, president and CEO of the Federal Reserve Bank of Richmond, resigned today, effective immediately.
ABA to CFPB: Objective Definition of ‘Prepaid Account’ Is Necessary
Noting that numerous compliance challenges remain, ABA today welcomed the Consumer Financial Protection Bureau’s proposal to delay the implementation of...
