ABA urges SEC to drop hard close requirement for mutual fund orders
In a comment letter this week, the American Bankers Association urged the Securities and Exchange Commission to drop its proposed...
Policy
District court vacates Labor Department position on rollover advice
A U.S. district court this week vacated the Labor Department’s interpretation of the Employee Retirement Income Security Act and its...
ABA, state groups urge FinCEN to withdraw registry access proposal
In a letter this week, ABA and the 51 state bankers associations urged the Financial Crimes Enforcement Network to withdraw...
Wall Street Journal editorial pans Biden administration campaign against bank fees
A Biden administration proposal to reduce and eliminate so-called “junk fees” charged by financial institutions is likely to harm the...
ABA urges agencies to rethink proposed climate disclosure rule
A proposed rule to require certain federal contractors to disclose and reduce their greenhouse gas emissions could place impractical requirements...
Nichols: ABA won’t ‘sit idly by’ if regulators overstep their authority
While ABA is engaging with banking regulators in constructive ways, it is also pushing back against a range of rulemakings...
ABA, trade groups call for extension on Reg II changes
ABA joined four other financial trade associations in a letter to the Federal Reserve last week seeking an extension for...
Bowman: Fed not interested in dictating business strategy for banks
The Federal Reserve’s role as a banking supervisor is not to replace a bank's management and board of directors in...
OCC sees need for regulatory reform in bank merger process
Federal regulators need to build a better mousetrap to ensure that “healthy” bank mergers get approved while “unhealthy” mergers are...
ABA outlines banker priorities for 2023 Farm Bill
Bankers’ priorities for this year’s Farm Bill reauthorization include increasing the loan limits for Farm Service Agency guaranteed loan programs...
