Fed: U.S. banking system sound, CRE remains concern
The U.S. banking system remains sound and resilient, with strong asset quality and earnings, but pockets of elevated risk pose...
Policy
ABA congressional team: Election results positive for banking, but bipartisan work remains
Though the GOP sweep of the House and Senate portends good things for bank-friendly policy, there is still a lot...
Powell: FOMC in no hurry to lower rates
The Federal Open Market Committee can take its time lowering rates given the strength of the U.S. economy, Federal Reserve...
Podcast: Tax reform comes into focus for 2025
With many provisions of the 2017 Tax Cuts and Jobs Act expiring at the end of next year and tax...
CFPB, DOJ: Black small-business owners face more hurdles when seeking financing
Joint CFPB, Justice Department exercise found that Black small-business owners "received less favorable treatment" in some aspects of bank financing,...
ABA chair: Banks are crushed by regulatory tsunami, election results should help
The banking industry is strong but being “crushed” by overregulation, ABA Chair John Asbury told attendees at ABA’s Agricultural Bankers...
ABA calls for ‘whole of government’ approach to illegal calls and texts
ABA urged the FCC to join a “whole of government” approach to combatting fraud, including fraud perpetrated by criminals who...
Thune elected Senate majority leader
Senate Republicans elected Sen. John Thune (R-S.D.) as Senate majority leader today. Thune is currently Senate Republican whip.
IRS issues memo on tax deductibility of DIF special assessment
The IRS released a memo on the tax deductibility of the special assessment levied on certain banks by the FDIC...
CFPB urges states to reconsider exemptions for financial data in privacy laws
Several states have recently passed data privacy laws with exclusions for data collected by banks and other financial institutions, and...
