ABA seeks level playing field in digital asset regulation
Lawmakers and regulators should adhere to the principle of “same activity, same risk, same regulation” when developing a framework for...
Policy
Fed’s Barr: Agencies continue to explore role of crypto in banking
When it comes to crypto assets, banking regulators seek to strike a balance between providing enough room for technological innovation...
White House pushes state policymakers to restrict ‘junk fees’
The Biden administration this week released a guide for state legislatures and attorneys general on how they can take action...
Final set of SECURE Act implementing revisions to Form 5500 released
The U.S. Department of Labor recently issued its third set of finalized forms revisions to Form 5500 (Annual Return/Report of...
ABA responds to IRS guidance on stock buyback excise tax
Responding to initial IRS guidance on the provision for stock buyback excise taxes within last year’s Inflation Reduction Act, ABA...
Climate financial risk advisory group holds first meeting
Taking climate change into account is prudent risk management, Treasury Secretary Janet Yellen said this week during the inaugural meeting...
Postal Service extends implementation date for cash deposits rule
The U.S. Postal Service will extend the effective starting date for a rule requiring commercial cash deposits over $500 to...
Hsu sees need for international crypto regulation
The collapse of cryptocurrency exchange FTX happened in an international regulatory vacuum that allowed the firm to hide fraudulent activity...
Gruenberg: Rising interest rates could cut into bank profitability
The current interest rate environment has had “dramatic effects” on the profitability and risk profiles for banks’ funding and investment...
GOP senators urge Fed to tread lightly on revising capital requirements
As the Federal Reserve undertakes a review of bank capital requirements, it must remember that those requirements need to be...
