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Wednesday, May 29, 2019   (0 Comments - view/add)
Report: GOP Senators Give Positive Signals on SAFE Banking Act »
Two Republican senators expressed optimism that the Senate Banking Committee will take up the ABA-backed SAFE Banking Act,...
Tuesday, May 28, 2019   (0 Comments - view/add)
OCC’s Risk Outlook Reflects Strong Economy, Healthy Banks »
While banks continue to show strong asset quality, capital and liquidity and earnings amid positive economic conditio...
Tuesday, May 28, 2019   (0 Comments - view/add)
ABA, Trade Associations Call on DOL to Propose Electronic Delivery Rule »
ABA joined seven other financial trade associations on Friday in a letter urging the Department of Labor to propose regula...
Tuesday, May 28, 2019   (0 Comments - view/add)
CBO Estimates SAFE Act Would Save Government Money »
The Congressional Budget Office on Friday released its cost estimate for H.R. 1595, the ABA-backed SAFE Banking Act that w...
Tuesday, May 28, 2019   (0 Comments - view/add)
Sen. Schumer Takes NCUA to Task Over Predatory Taxi Medallion Lending »
In a May 21 letter to the National Credit Union Administration, Senate Minority Leader Chuck Schumer (D-N.Y.) asked t...
Tuesday, May 28, 2019   (0 Comments - view/add)
Editorial: Public bank too risky, expensive »
Creating a public bank run by a government entity is expensive and too risky for taxpayers, writes the editorial board of...
Tuesday, May 28, 2019   (0 Comments - view/add)
Fed survey: 40% of adults can't cover $400 emergency »
Nearly 40% of adults would not be able to use savings, cash or a credit card charge that would be repaid quickly to fund a...
Thursday, May 23, 2019   (0 Comments - view/add)
House passes bill to reverse Mulvaney's CFPB changes »
The House has approved a bill that would reverse changes made at the Consumer Financial Protection Bureau during acting Di...
Thursday, May 23, 2019   (0 Comments - view/add)
ABA Urges Farm Credit Agency to Make Changes to YBS Data Reporting Practices »
In a comment letter to the Farm Credit Administration yesterday, ABA called on the agency to make changes to how it report...
Thursday, May 23, 2019   (0 Comments - view/add)
Clearing House CEO Emphasizes Equal RTP Access, Pricing for All Banks »
The Clearing House’s Real-Time Payments system is open to all depository institutions with no volume discounts and with a...
Thursday, May 23, 2019   (0 Comments - view/add)
Sen. Tillis Introduces Bill to ‘Stop and Study’ CECL »
Sen. Thom Tillis (R-N.C.) on Tuesday introduced a long-awaited bill—S. 1564—calling for a delay in the implementation of t...
Wednesday, May 22, 2019   (0 Comments - view/add)
Trade Groups Welcome DOL Rewrite of ‘Overtime Rule’ »
ABA, along with several other industry trade groups under the Partnership to Protect Workplace Opportunity, yesterday expr...
Wednesday, May 22, 2019   (0 Comments - view/add)
Calif. bill would create charter for marijuana banking »
Banks could apply for a limited-purpose state charter to handle deposits from marijuana businesses under a bill passed by...
Wednesday, May 22, 2019   (0 Comments - view/add)
Fitch: Shadow banking could create systemic risk »
Growth of shadow banking could bring systemic risk, Fitch Ratings said in a report. A liquidity crisis in the shadow-banki...
Tuesday, May 21, 2019   (0 Comments - view/add)
As Growth Continues, OCC Sees Credit, Liquidity Risk Elevated »
Underlying credit and liquidity risks associated with the current point in the economic cycle should be on bankers’ radar...
Tuesday, May 21, 2019   (0 Comments - view/add)
State Associations Urge Cannabis Hearings in Senate »
The 51 state bankers associations yesterday urged the Senate Banking Committee to hold hearings on legislative soluti...
Tuesday, May 21, 2019   (0 Comments - view/add)
ABA Calls for Federal Beneficial Ownership Registry »
Ahead of a Senate Banking Committee hearing today on beneficial ownership, ABA yesterday wrote to committee members callin...
Tuesday, May 21, 2019   (0 Comments - view/add)
OCC to banks: Partnering with fintechs presents risks »
Banks need to understand the risks of partnering with financial-technology firms for innovative products and services, acc...
Tuesday, May 21, 2019   (0 Comments - view/add)
ATMs decrease as consumers turn to apps, cards »
The number of ATMs worldwide declined 1% in 2018 as consumers used cards more than cash and turned to mobile apps for bank...
Tuesday, May 21, 2019   (0 Comments - view/add)
Powell: Corporate debt a moderate risk to US economy »
The Federal Reserve is monitoring growth of corporate debt and likely consequences if business conditions deteriorate, but...
Tuesday, May 21, 2019   (0 Comments - view/add)
OCC to introduce single supervisory platform »
The Office of the Comptroller of the Currency will combine supervisory platforms for large banks and small and midsize ban...
Monday, May 20, 2019   (0 Comments - view/add)
Some Republicans want more deregulation for banks »
Some Republicans are pushing for more deregulation of banking rules, a move they believe will spur lending and thus econom...
Monday, May 20, 2019   (0 Comments - view/add)
Deposit rates poised for reversal »
Deposit rates could decline if the Federal Reserve lowers interest rates this year, though reduced interest rates would be...
Monday, May 20, 2019   (0 Comments - view/add)
Coalition opposes CFPB's proposed changes to small-dollar lending »
Proposed changes to the Consumer Financial Protection Bureau's small-dollar lending rules are an "abuse of discretion," se...
Monday, May 20, 2019   (0 Comments - view/add)
Cryptocurrency sector struggles as banks shy away »
Banks are reluctant to handle cryptocurrency accounts because of anonymity, leaving companies searching for someone to han...
Monday, May 20, 2019   (0 Comments - view/add)
Calabria to Seek Congressional Authority as FHFA Eyes End to GSE Conservatorship »
Ensuring that Fannie Mae and Freddie Mac are sufficiently capitalized will be critical for removing the GSEs from conserva...
Friday, May 17, 2019   (0 Comments - view/add)
FinCEN Recognizes Law Enforcement Successes Resulting from BSA Reporting »
At its annual Law Enforcement Awards ceremony yesterday, the Financial Crimes Enforcement Network recognized several state...
Friday, May 17, 2019   (0 Comments - view/add)
AICPA Calls for Delay in FASB’s Lease Accounting Standard for Private Companies »
The American Institute of CPAs wrote to the Financial Accounting Standards Board this week seeking a delay in the implemen...
Friday, May 17, 2019   (0 Comments - view/add)
ABA Calls for Senate to Pass NFIP Extension »
In a recent letter to congressional leaders, ABA called for the extension of the National Flood Insurance program to ensur...
Friday, May 17, 2019   (0 Comments - view/add)
S. 2155 Rule Changes to Be Done by Year-End, Regulators Say »
The heads of the banking agencies told lawmakers that they expect to have regulatory changes from the S. 2155 regulatory r...
Friday, May 17, 2019   (0 Comments - view/add)
10 charged in multimillion-dollar 2016 cyberthefts »
Ten members of a cybercrime network are charged with stealing millions in the 2016 release of malware that allegedly helpe...
Thursday, May 16, 2019   (0 Comments - view/add)
ABA, Financial Trade Groups Call for Changes to Margin Rules »
ABA joined several financial trade organizations in a letter to the prudential regulators earlier this week calling on the...
Thursday, May 16, 2019   (0 Comments - view/add)
ABA Urges CFPB to Exclude Traditional Consumer Loans from Payday Rule »
In a comment letter to the Consumer Financial Protection Bureau yesterday, ABA urged the bureau to revise its payday rule...
Thursday, May 16, 2019   (0 Comments - view/add)
Otting, McWilliams: Agencies Moving Toward More Risk-Based AML Approach »
The federal banking agencies plan to reintroduce the examination manual for anti-money laundering/Bank Secrecy Act complia...
Thursday, May 16, 2019   (0 Comments - view/add)
ABA Calls for CECL Delay, Quantitative Impact Study in Letter to Rep. Meeks »
In a letter to Rep. Gregory Meeks (D-N.Y.) yesterday, ABA reiterated its call for a delay in the implementation of the cur...

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