Browsing: ABA news

Newsbytes ABA issues statement on midterm elections

With Republicans set to take control of the House in 2023 and Democrats retaining control of the Senate, ABA is congratulating both parties while reminding lawmakers that a divided government doesn’t need to lead to partisan gridlock.

Newsbytes ABA: Regulatory clarity can reduce illicit finance risks in digital assets

The illicit finance risks posed by digital assets can be most effectively managed by regulating nonbank cryptocurrency companies while allowing banks to engage more fully in digital asset activities, where they will be subject to comprehensive regulation and Bank Secrecy Act requirements, ABA said today in a letter to the U.S. Treasury Department.

Newsbytes ABA cautions against shifting liability for P2P scams

Any measures to shift liability to financial institutions for peer-to-peer payments that a consumer authorizes and later claims were paid to a scammer will harm consumers by diminishing the availability and value of P2P payments, increasing consumers’ costs, reducing competition, and enriching and encouraging criminals, the American Bankers Association said today in a letter to the Consumer Financial Protection Bureau.

Newsbytes ABA, banking groups urge changes to FHLB advance qualifications

The American Bankers Association, Independent Community Bankers of America and more than 70 state banking associations today submitted a letter to the Federal Housing Finance Agency urging it to stop using tangible capital when deciding whether financial institutions qualify for Federal Home Loan Banks advances.

Newsbytes ABA, trade groups continue to press CFPB on vague credit card RFI

The American Bankers Association today joined a coalition of financial services trade associations in a follow-up letter to the Consumer Financial Protection Bureau regarding a recent request for comment on proposed revisions to an existing information collection on credit card terms for consumer and college credit card agreements.

1 19 20 21 22 23 59