Trump Picks Banker Steven Mnuchin for Treasury Secretary
President-Elect Donald Trump today announced that he will nominate banker Steven Mnuchin to serve as treasury secretary. Mnuchin served most...
Policy
Fed: Debit Fraud Costs Jump 44 Percent in Two Years
Debit card-related fraud losses to merchants, cardholders and issuers rose from 2013 by 44 percent, reaching $2.41 billion in 2015,...
Nichols Writes in Support of SIFI Designation Bill
ABA President and CEO Rob Nichols today wrote to House leadership urging them to pass the Systemic Risk Designation Improvement...
Banks’ Net Income Rises Strongly in Third Quarter
FDIC-insured banks and savings institutions earned $45.6 billion in the third quarter, up 12.9 percent from the industry’s earnings a...
Fintech, Customer Experience Key Concerns for Fed Advisory Council
Members of the Federal Reserve’s Community Depository Institutions Advisory Council -- which includes several ABA member bank CEOs -- raised...
CFPB Moving Forward With Rating System for Complaint Handling
Despite opposition from ABA and others, the Consumer Financial Protection Bureau today took a step forward in its plan to...
ABA Comments on Fed Proposal to Ease Capital Planning Requirements
ABA and the Financial Services Roundtable last week filed comments on the Federal Reserve’s September proposal that would exempt many...
Federal Judge Blocks Overtime Rule from Taking Effect Next Week
A federal judge in Texas today blocked the Department of Labor's final rule doubling the salary level used to determine...
Dodd-Frank Author: Current SIFI Threshold Is ‘Mistake’
The $50 billion asset threshold in the Dodd-Frank Act for designation as a systemically important financial institution was a “mistake,”...
Fox News’ Chris Wallace to Keynote ABA Summit
Award-winning TV journalist Chris Wallace -- host of “Fox News Sunday” and a 2016 presidential debate moderator -- will be...
