Powell: Not Fed Policy to Tell Banks Which Businesses to Lend to
Federal Reserve Chairman Jerome Powell told the House Financial Services Committee today that, regarding his agency’s work on mitigating climate ...
Tag: ESG
GOP Senators Caution Fed on Climate Risk Regulations for Banks
A group of Republican senators this week cautioned Federal Reserve Chairman Jerome Powell that using financial regulation and supervision to ...
Department of Labor to Revisit ESG, Proxy Voting Final Rules
In response to concerns raised by industry stakeholders including the American Bankers Association, the Department of Labor will revisit its ...
Podcast: The Changing Faces of Wealth Management
From the ongoing generational wealth transfer to new "wealthtech" solutions and investor demands for sustainability and diversity, big changes are ...
Amid Rising Uncertainty, a Path Forward
A look at ABA’s government relations agenda for 2021
Fed’s Brainard Supports Mandatory Disclosures to Manage Climate Risk
Speaking at an industry event today, Federal Reserve Governor Lael Brainard expressed support for mandatory climate disclosures to help measure ...
Industry Coalition Releases Principles for Transitioning to Low-Carbon Economy
The American Bankers Association today joined 10 other financial trade associations in releasing a set of principles intended to provide ...
NYDFS: Climate Change Mitigation Activities May Qualify for State CRA Credit
In a letter to industry earlier this week, the New York Department of Financial Services confirmed that banks may receive ...
Fed Research Paper Flags Climate Change as Source of Financial Risk
Financial regulators—including the Federal Reserve—are moving to incorporate climate risk assessments in their supervisory activities, according to a new research ...
OCC Pauses Publication of Fair Access Rule
The OCC announced today that it will pause the publication of a controversial final rule stating that banks should provide ...
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