FDIC: Deposit Insurance Fund reserve ratio grew in first half of 2024
The Deposit Insurance Fund balance was $129.2 billion at the end of the second quarter of 2024, up $7.5 billion...
Policy
FinCEN: Telecommunications providers exempt from BOI reporting
FinCEN has issued a final rule clarifying that certain telecommunications service providers are exempt from beneficial ownership information reporting requirements.
FDIC extends signage rule compliance date by four months
The FDIC board voted to extend the compliance deadline by four months for its final rule on the use of...
Banking groups file motion to intervene in retailer lawsuit over debit interchange fees
Two industry groups filed a motion to intervene in a retailer lawsuit seeking to invalidate Regulation II’s standard for setting...
Sen. Britt: CFPB has become a ‘regulatory nightmare’
In a new column in American Banker, Sen. Katie Britt (R-Ala.) argues that some of the worst fears about the...
Coalition seeks restoration of mortgage insurance premium tax deduction
ABA joined a coalition of business and advocacy groups in urging lawmakers to restore a now-defunct federal tax deduction for...
Treasury Secretary Yellen to speak at ABA Annual Convention
U.S. Treasury Secretary Janet Yellen will deliver remarks at the ABA Annual Convention, Oct. 27-29 in New York City. Afterward,...
ABA urges regulator to require more transparency in bank acquisitions by credit unions
Before credit unions acquire banks, they should be required to receive membership approval, disclose financial terms and demonstrate how bank...
ABA backs FDX application to become open banking standard-setting body
ABA said that it supports an application by the Financial Data Exchange, or FDX, to become a recognized standard-setting body...
Bowman: Credit unions, nonbanks should be subject to same regulatory expectations as banks
Credit unions and other nonbanks should be subject to the same regulatory and supervisory expectations as banks if they are...
