FDIC’s Gruenberg addresses evolving climate change risk for banks and regulators
Banks have managed weather-related events and risks well, but things are changing and regulators and banks of all sizes will...
Policy
Nichols on ABA’s message to policymakers: ‘Let banks do what banks do best’
ABA will be taking a "simple and succinct" message to policymakers in the weeks and months ahead: "let banks do...
ABA opposes adding Durbin-Marshall to defense bill
Sens. Richard Durbin (D-Ill.) and Roger Marshall (R-Kan.) last week filed an amendment that would add the ABA-opposed S. 4674...
Banking agencies signal new ‘living will’ guidance for large banks
The Federal Reserve and the FDIC will issue guidance on so-called “living wills” for banks that are considered “Category II”...
Republican AGs criticize hiring of OCC climate risk officer
In a joint letter Thursday, seventeen Republican state attorneys general said they objected to the appointment of Yue Chen as...
FinCEN issues beneficial ownership rule, the first of three CTA mandates
The rule will require most corporations created in or registered to do business in the U.S. to report beneficial ownership...
Fed announces pilot climate exercise for large banks
The Federal Reserve today said that six of the nation's largest banks will participate in a pilot climate scenario analysis...
ABA, trade groups sue CFPB for exceeding its statutory authority
ABA and six other trade groups today sued the Consumer Financial Protection Bureau and Director Rohit Chopra for exceeding the...
Bank, credit union groups unite against Welch-Gooden bill
The American Bankers Association today joined seven bank and credit union trade groups in a joint letter opposing a House...
Following other agencies, Fed proposes to update statement on CRE loan accommodations
The Federal Reserve is seeking public comment on an updated policy statement regarding accommodations and workouts for commercial real estate...
