ABA, associations: Stablecoin review committee must establish formal procedures
A new committee to review state-level regulatory frameworks for stablecoins must adopt strong, transparent rules before it starts making decisions...
Technology
ABA, associations ask agencies to commit to reproposing conflicting Genius Act rules
As the various federal banking agencies race to establish separate regulations for stablecoin issuers, they should be open to reproposing...
ABA highlights banker comments seeking stronger ‘know your customer’ rules for originating providers
In a new comment letter, ABA highlighted the dozens of bankers who wrote to the Federal Communications Commission in support...
Survey: More bank boards bringing in directors with M&A expertise
The percentage of bank boards with expertise in mergers and acquisitions has grown in the past year as the regulatory...
ABA seeks equal treatment for all institutions under proposed stablecoin BSA, sanctions rule
ABA supports the OCC’s proposed approach to treat stablecoin issuers like financial institutions for Bank Secrecy Act and sanctions compliance,...
ABA, CBA urge Fed to strengthen safeguards for proposed ‘payment accounts’
The Federal Reserve’s proposed payment account framework is a prudent approach to responsible innovation if additional safeguards are adopted to...
ABA, associations release best practices for sharing sensitive data with regulators
ABA joined other financial sector associations to release a guide for financial institutions in determining which data shared with federal...
Hispanic business group warns Clarity Act will harm local lending
A market structure bill for digital assets threatens to weaken the financial ecosystem supporting Hispanic-owned businesses by spurring the migration...
ABA, associations: Updated crypto market structure bill still puts local lending at risk
The latest version of a proposed market structure bill for digital assets still puts at risk the local lending that...
ABA offers improvements for FSB’s ‘sound practices’ in AI adoption
The Financial Stability Board’s draft list of 12 recommendations to guide the adoption of artificial intelligence by financial institutions is...
