Report: Federal, state attempts to limit credit card interchange would harm consumers
Legislation intended to reduce credit card interchange fees would reduce revenue for community banks and credit unions, leading to less ...
Tag: Congress
House committee advances tax package with ABA priorities
The House Ways and Means Committee voted along party lines to advance a federal budget reconciliation tax package that includes ...
ABA urges lawmakers to lift regulatory barriers to bank merger, de novo formation
Narrow supervisory standards, inconsistent approval timelines and other regulatory impediments are limiting new bank formation and leading to further consolidation ...
ABA announces support for several provisions in budget reconciliation tax package
ABA strongly supports several provisions in the federal budget reconciliation tax package, including language to make permanent the Section 199A ...
Federal budget reconciliation tax package includes ACRE Act, other ABA priorities
Congressional leaders unveiled a federal budget reconciliation tax package that contains several banking industry priorities, including language to expand access ...
ABA, associations: Proposed tax bill will help U.S. companies with foreign rivals
ABA joined a coalition of associations in voicing support for legislation to make permanent tax reforms that help U.S. companies ...
Trump nominates McKernan for Treasury Department role
President Trump nominated former FDIC Board Member Jonathan McKernan as undersecretary of domestic finance at the Treasury Department. McKernan had ...
Stablecoin legislation hits roadblock in Senate
A bill to create a regulatory framework for stablecoins stalled in the Senate after it failed to generate enough votes ...
Senate approves resolution to overturn OCC bank merger rule
The Senate voted in favor of a resolution to overturn a 2024 final rule that changed how the OCC reviews ...
Senate Banking Committee advances Bowman nomination
The Senate Banking Committee voted along party lines to advance the nomination of Federal Reserve Governor Michelle Bowman to be ...
