Bowman sees risks in central bank digital currency
The adoption of the central bank digital currency poses many risks and challenges, including the risk that it would cannibalize...
Policy
ABA backs bipartisan new markets tax credit extension bill
The American Bankers Association wrote to House and Senate Finance Committee leaders in support of the bipartisan New Markets Tax...
ABA raises concerns about SEC’s agenda ahead of oversight hearing
The Securities and Exchange Commission has departed from its objectives “by rewriting a broad range of rules governing institutional and...
Fed’s Bowman: U.S. economy has ‘unmet demand’ for de novo banks
The banking industry is not meeting demand for new bank formation, Federal Reserve Governor Michelle Bowman said.
ABA disappointed in decision to lift 7(a) lender moratorium
In a statement, ABA President and CEO Rob Nichols said the association was disappointed with the Small Business Administration’s decision...
FDIC vice chairman: Don’t blame regulatory tailoring bill for bank closures
Legislation that gave the bank regulators broad discretion over how they supervised certain banks had nothing to do with the...
SBA lifts 7(a) lender moratorium, loosens underwriting requirements
The Small Business Administration issued a final rule to lift the moratorium on the number of nondepository lenders in the...
Chopra: Regulators can issue rules on executive compensation
CFPB Director Rohit Chopra said that existing law allows regulators “to really kick the tires” on executive compensation at failed...
Fed’s Goolsbee urges caution on raising rates
Federal Reserve officials need to be cautious about aggressively raising the federal funds rate given potential "financial headwinds"—such as tighter...
ABA, BPI urge FDIC to rethink deposit insurance signage updates
An FDIC proposal to modernize its sign and advertising rules is welcome, but a less prescriptive approach would allow banks...
