A bill that would make it easier for farmers and rural families to access real estate credit is a bipartisan solution that will help sustain and grow rural America, ABA said in a letter to Senate leaders.
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ABA announced today it has joined a Nashville-based financial technology accelerator as a founding partner.
ABA and the Bank Policy Institute petitioned the Federal Reserve to open for public comment both the supervisory models and stress scenarios that the agency uses to calculate binding capital requirements through its annual stress tests.
The FDIC’s proposed assessment to recover the cost to the Deposit Insurance Fund resulting from the recent bank failures should not set a precedent for future special assessments, ABA said in comments to the agency.
A House bill that would regulate stablecoin is flawed because it doesn’t apply the same level of federal oversight to state-licensed stablecoin issuers as is currently applied to state-chartered banks, ABA and 50 state bankers associations said.
ABA and five other bank and credit union trade associations expressed appreciation for Senate legislation rolling back recent policy changes made to the 7(a) loan program by the Small Business Administration.
Federal agencies should be held to the same standards as private companies when protecting consumer data and reporting cybersecurity incidents, ABA and two financial sector trade associations said in response to legislation that would upgrade the federal government’s cybersecurity procedures.
The ABA Foundation announced that it will start collecting tax-exempt contributions through its Disaster Relief Program website to help aid relief efforts after a major storm resulted in catastrophic flooding in the state on July 11.
ABA urged lawmakers to support legislation to reauthorize the National Flood Insurance Program through the end of next year.
ABA, Bank Policy Institute and three financial sector associations said that they have serious concerns about recently proposed changes to bank capital rules, and they want the Federal Reserve to give banks adequate time to analyze the proposal and comment on it.