Citing the nascent state of climate reporting and the resulting confusion by stakeholders of internal control requirements, ABA urged the International Auditing and Assurance Standards Board “to take a leading role in educating stakeholders as to the many demands of the assurance process, including the related costs and internal controls that will likely be needed” by companies reporting sustainability-related information.
Americans are best served when banks can pursue a free market approach to make lending and investment decisions, and imposing regulations on banks to drive other policy goals—or to regulate other industries—can be harmful to economic growth and to banks’ ability to best serve customers’ needs, Mason Bolay, SVP at First Bank and Trust in Perry, Oklahoma, told members of the House Ways and Means Committee.
The agency issued more than $1.77 billion this year to agricultural producers and landowners through its Conservation Reserve Program.
Republicans on the House Financial Services Committee unveiled four bills aimed at curbing what they characterized as ESG excesses among regulators, including legislation that would eliminate the position of vice chair of supervision at the Federal Reserve.
Bank boards need data-driven, independent intelligence to flag reputational crises on the horizon.
Most Americans have little to no familiarity with environmental, social and governance investing, and that hasn’t changed for at least two years, according to a new survey by Gallup
ABA filed comments in response to the Federal Housing Finance Agency’s recent request for input on a single-family social bond policy for Fannie Mae and Freddie Mac, with the association offering considerations should the agency further pursue the policy.
High-profile banking laws driven by politics and model policies are roaring out of state legislatures—our “laboratories of democracy.” And are we headed toward being a country of red-state banks and blue-state banks?
As a bank leader, Alicia Wade notes that we’re at a unique moment that won’t recur for many years: having four generations, from Baby Boomers to Gen Z, working alongside each other.
Neither Fannie Mae nor Freddie Mac currently issue labeled single-family social bonds.