Top Democrats seek guidance, plan for addressing penny shortage
The top Democrats on the Senate Banking and House Financial Services committees urged federal officials to provide “immediate guidance” about ...
Tag: Congress
IRS issues guidance for ‘Trump Accounts’ for children
The IRS and Treasury Department have published guidance and announced plans to issue regulations for “Trump Accounts,” which are a ...
House passes ABA-backed bill on regulator transparency
The House passed a bill to require the Government Accountability Office and the appropriate regulatory agency to report on any ...
House lawmakers press banking regulators on tailoring, debanking
The top banking regulators spoke about tailoring regulation and the M&A application process, and halting alleged debanking. ABA joined other ...
OCC releases correspondence on crypto activities
The OCC recently released its correspondence to banks that sought to engage in cryptocurrency-related activities as part of an effort ...
Senate draft bill budgets $324M for CDFI Fund
The Senate Appropriations Committee has released a draft spending bill that allocates $324 million for the CDFI Fund in fiscal ...
House lawmakers ask agencies to better tailor regulations for regional, midsize banks
The Republican members of the House Financial Services Committee released a joint letter urging banking agencies to tailor regulation for ...
ABA, state associations support bills to raise BSA reporting thresholds
ABA and 52 state bankers associations expressed support for two bills that would raise Bank Secrecy Act reporting thresholds for ...
IRS strikes funding rule from new tax on stock repurchases
The IRS has removed a controversial rule in a new regulation implementing a 1% excise tax on certain types of ...
ABA survey: Majority of U.S. consumers think Congress should hold credit unions accountable
A new ABA survey found that a wide majority of U.S. consumers (67%) believe that Congress should reexamine the tax-exempt ...
