Appears on
Articles33
ABA, associations seek agency alignment on Genius Act implementation
The National Credit Union Administration should coordinate with the banking agencies to ensure that Genius Act implementation is substantially similar among all federal payment stablecoin regulators, the American Bankers Association and three other banking sector associations said. The post ABA, associations seek agency alignment on Genius Act implementation
ABA DataBank: Stock market and oil volatility diverge
Given an increase in geopolitical uncertainties, crude oil volatility is on an upward trend. The post ABA DataBank: Stock market and oil volatility diverge appeared first on ABA Banking Journal .
FDIC issues relief guidance for banks serving tribes in Arizona, Montana affected by severe weather
The FDIC has released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of the San Carlos Apache Indian Reservation in Arizona, and the Fort Peck Indian Reservation and the Crow Tribe Indian Reservation, both in Montana The post FDIC issues relief guidance for banks serving tribes in Arizona,
Texas Bankers Foundation reopens flood relief fund following severe storms
The Texas Bankers Foundation has reopened its Flood Relief Fund to support Texas communities affected by the severe storms and flooding unfolding across the state. The post Texas Bankers Foundation reopens flood relief fund following severe storms appeared first on ABA Banking Journal .
ABA: OCC policy changes create uncertainty about minority deposit institution status
In a new letter, ABA cited several concerns about the OCC’s recent revisions to its standards for designating minority deposit institutions, saying the changes create uncertainty for institutions seeking to qualify or maintain MDI designation. The post ABA: OCC policy changes create uncertainty about minority deposit institution status appeared first on ABA
Scott, Vought warn against price controls on credit, bank products
Restrictions on credit card rates and overdraft protection fees ultimately hurt the people they are meant to protect by limiting credit access and driving consumers to unregulated entities, Senate Banking Committee Chair Tim Scott (R-S.C.) and CFPB Acting Director Russell Vought said. The post Scott, Vought warn against price controls on credit, bank product
ABA, state bankers associations urge House leaders to support Main Street Capital Access Act
A proposed bill to tailor bank regulation and boost de novo bank formation would promote economic growth in communities across the country, ABA and 52 state bankers associations said in a joint letter to House leaders. The post ABA, state bankers associations urge House leaders to support Main Street Capital Access Act appeared first on ABA Banking Journal .
Banking agencies promise new approach for handling sensitive information
The Federal Reserve, FDIC and OCC announced a “coordinated approach” for handling sensitive information used in bank examinations, including a new pledge to notify banks about data breaches that threaten to expose that information. The post Banking agencies promise new approach for handling sensitive information appeared first on ABA Banking Journal .
Mortgage rates rise
The rate for a 30-year fixed-rate mortgage was 6.55% this week. The rate for a 15-year fixed-rate mortgage was 5.93%. The post Mortgage rates rise appeared first on ABA Banking Journal .
CSBS: Community bankers maintain ‘rosy’ outlook despite uncertainties
While sentiment has slipped somewhat, community bankers nationwide remain broadly optimistic about future economic conditions, according to the latest quarterly survey by the Conference of State Bank Supervisors. The post CSBS: Community bankers maintain ‘rosy’ outlook despite uncertainties appeared first on ABA Banking Journal .
Risk and compliance as strategic growth partners
Risk leaders must build relationships, credibility and trust at the bank so their input is valued. The post Risk and compliance as strategic growth partners appeared first on ABA Banking Journal .
Beige Book: Economic activity ticked up in May, June
Economic activity increased at a slight to moderate pace in eleven of twelve Federal Reserve districts in late May and June, while one district reported no change, the Fed said in its fifth Beige Book report of the year. The post Beige Book: Economic activity ticked up in May, June appeared first on ABA Banking Journal .
ABA expresses support for strengthening FCC’s Robocall Mitigation Database
ABA expressed support for the Federal Communications Commission’s draft proposal to strengthen the Robocall Mitigation Database in a letter sent in advance of a vote on issuing the proposal. The post ABA expresses support for strengthening FCC’s Robocall Mitigation Database appeared first on ABA Banking Journal .
Vought calls for more CFPB oversight, says open banking proposal coming soon
Congress should enact legislation to better define “unfair, deceptive, or abusive acts or practices” to avoid abuses by future regulators, and to fund the CFPB through congressional appropriation to make it more responsive to elected officials, CFPB Acting Director Russell Vought told House lawmakers. He also said the bureau is close to proposing a new open
ABA nominates officers for 2026-2027
ABA's Nominating Committee has finalized the official slate of officers to be presented for election at the association’s annual meeting scheduled for Oct. 27 in Salt Lake City. The post ABA nominates officers for 2026-2027 appeared first on ABA Banking Journal .
White House announces cybersecurity clearinghouse for software patches
The White House has announced a cybersecurity “clearinghouse” that would coordinate scanning for software vulnerabilities and the distribution of vulnerability patches. The post White House announces cybersecurity clearinghouse for software patches appeared first on ABA Banking Journal .
Fed’s Warsh: Tailored regulation best supports domestic banking sector
In his first appearance before Congress as head of the Federal Reserve, Chairman Kevin Warsh stressed the need for tailored bank regulation and said that while international coordination of banking standards is important, “the Basel endgame is not America’s endgame.” The post Fed’s Warsh: Tailored regulation best supports domestic banking sector appeared fir
Bank acquisitions announced in three states
Proposed mergers announced of banks in Nebraska, Illinois and New Hampshire. The post Bank acquisitions announced in three states appeared first on ABA Banking Journal .
ABA warns against increasing administrative burden for CDFI Fund awards
While ABA supports responsible stewardship of federal financial assistance, any changes to how that assistance is distributed should preserve the operational effectiveness of the CDFI Fund for financial institutions, the association said in a letter to the Office of Management and Budget. The post ABA warns against increasing administrative burden for CDFI F
House bill would increase transparency about small business lending program risks
A proposed bill supported by ABA would require the Small Business Administration to provide and make public more details about 7(a) lending program risks. The post House bill would increase transparency about small business lending program risks appeared first on ABA Banking Journal .