This ABA Banking Journal newsletter is a free, twice-monthly supplement to the ABA Banking Journal magazine intended to help you stay on top of industry and policy news.
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Community banks in oil and gas towns grapple with the future of climate risk supervision.
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Public comments for the Securities and Exchange Commission’s sweeping climate risk disclosure proposal are due on June 17, with major implications for banks and their clients. ABA’s Mike Gullette and Joe Pigg dig into the details.
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The focus on racial and ethnic diversity as opposed to gender diversity is accelerating across the board.
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With transactional data, banks can make borrowing smarter and better serve more customers.
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VDPs open a communication channel to external cybersecurity researchers, while also encouraging current bank customers to participate in the feedback loop.
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The Community Development Financial Institutions Fund has opened its funding round for fiscal year 2022 funding for its small-dollar loan program.
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Ahead of a markup in the House Financial Services Committee, ABA and 51 state bankers associations urged lawmakers to oppose a bill, H.R. 7003, that would allow credit unions to expand their membership and business lending capacity—the credit union industry’s latest attempt at charter enhancement.
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Treasury’s strategy identifies four priorities to address the most significant illicit finance threats to the U.S. financial system.
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Hsu said frameworks for analyzing bank mergers need updating, but a merger moratorium would prevent deals that increase competition, better serve communities better, and enhance resiliency.
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The FDIC has approved a final rule establishing a process by which the agency will identify and investigate any conduct involving the misuse of its name or logo.
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As lawmakers attempt to reconcile the House and Senate versions of the America Competes Act, a bipartisan group of 24 senators led by Sens. Jeff Merkley (D-Ore.) and Jacky Rosen (D-Nev.) advocated for the SAFE Banking Act to be included in the final version of the bill.
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The Securities and Exchange Commission has said that it would extend the comment period for its recently proposed climate disclosure rule from May 20 until June 17.
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