Proposals Articles

Banks will be pivotal for the success of a new tax deduction for certain automobile purchases, so the IRS should consider revisions to a proposed rule implementing the policy to enhance its feasibility, ABA's Joey Connor told the agency. The post ABA testifies on improving auto loan tax deduction implementation appeared first on ABA Banking Journal .

The Federal Reserve is seeking public comment on a proposal to codify its recent decision to remove the use of reputational risk from its bank supervision. The post Fed seeks input on removing reputational risk from bank supervision appeared first on ABA Banking Journal .

Following earlier actions to remove reputation risk from its supervision of banks, Federal Reserve Board requests comment on proposal to codify that removal

Saying that existing capital rules have discouraged bank participation in mortgage lending, ABA and seven other associations offered proposed reforms to help reverse that trend. The post ABA, associations propose bank capital reforms to boost mortgage lending appeared first on ABA Banking Journal .

The Federal Reserve’s stress test proposal is an encouraging step toward transparency, but further changes would help the agency more fully realize its goal of a more objective process that aligns capital charges with risk, ABA and five other associations said in a joint letter. The post ABA, associations recommend revisions to Fed stress test proposal appeared first on ABA Banking Journal .

An OCC proposal to make Community Reinvestment Act strategic plans more accessible for community banks is increasingly important as the institutions pursue fintech partnerships and niche lending strategies that often do not align neatly with the traditional CRA framework, ABA said. The post ABA offers recommendations for ‘simplified’ CRA planning option for community banks appeared first on ABA Banking Journal .

The Federal Reserve will hold a hybrid public hearing in March as part of a congressionally mandated review to identify outdated and burdensome regulations. The post Fed to hold public hearing on reducing regulatory burden appeared first on ABA Banking Journal .

Federal Reserve Board announces it will hold a hybrid public outreach meeting on Thursday, March 26, as part of its review of regulations under the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA)

The senator says her bill emulates a proposal by the JPMorgan Chase CEO to let states determine their own card interest rate limits.

The Office of the Comptroller of the Currency is proposing several revisions to its supervisory appeals process, including the creation of a new board to review appeals. The post OCC proposes changes to supervisory appeals process, creating appeals board appeared first on ABA Banking Journal .

Miami Savings Bank to buy New Foundation Savings Bank in Cincinnati. West Iowa Bank to buy Home State Bank in Iowa. The post Proposed bank acquisitions announced in Ohio, Iowa appeared first on ABA Banking Journal .

Banks have lost their hold on mortgage originations in recent years to nonbanks. The Fed is looking at regulatory changes to bring mortgages back into the banking fold, according to Michelle Bowman.

The Federal Reserve will soon issue proposals to change the regulatory capital framework in ways that incentivize banks to originate and service mortgages, Vice Chair for Supervision Michelle Bowman said at ABA's Conference for Community Bankers in Orlando. The post Bowman: Fed to propose capital changes aimed at reviving banks’ mortgage role appeared first on ABA Banking Journal .

ABA expressed support for a HUD proposal to rescind the use of disparate impact in determining Fair Housing Act violations, saying the rule in question did not provide clarity “and has been the subject of an unhelpful back-and-forth between administrations.” The post ABA supports HUD proposal to remove disparate impact from Fair Housing Act rule appeared first on ABA Banking Journal .

Two lawmakers have introduced legislation to prevent states from imposing interest rate caps on loans from out-of-state chartered banks and credit unions. The post Bill would prevent states from imposing lending rate caps on out-of-state banks appeared first on ABA Banking Journal .

A bipartisan group of senators introduced legislation to raise the asset threshold under which banks are subject to longer examination cycles. The post Supervisory tailoring bill introduced in Senate appeared first on ABA Banking Journal .

Two House lawmakers have introduced legislation directing social media companies to take steps to fight fraudulent advertisements on their platforms. A companion bill was recently introduced in the Senate. The post SCAM Act introduced in House appeared first on ABA Banking Journal .

The NCUA Board (Board) is seeking comment on proposed regulations to implement portions of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The GENIUS Act charges the NCUA with licensing, regulating, and supervising payment stablecoin issuers that are subsidiaries of federally insured credit unions (FICU subsidiaries). The GENIUS Act also requires the NCUA to issue implementing regulations by July 18th, 2026. This proposed rule proposes regulations to implement the statutorily required process for approval and licensure of permitted payment stablecoin issuers (PPSIs) subject to the NCUA's jurisdiction. It also proposes regulations limiting FICUs to investing in NCUA-licensed PPSIs. A forthcoming proposal will propose regulations to implement the standards and restrictions imposed by the GENIUS Act on PPSIs.

The NCUA Board proposes to rescind its Interpretative Ruling and Policy Statement 06-1 (IRPS 06-1). Rescinding IRPS 06-1 would ease the compliance burden on Federal credit unions (FCUs) by limiting the number of sources that FCUs must check to ensure compliance with applicable chartering and field of membership (FOM) requirements.

The NCUA Board (Board) proposes to amend its regulations governing the voluntary termination of federal share insurance to streamline member communication requirements. This action is necessary to reduce regulatory burden by eliminating overly prescriptive formatting rules for the mandatory disclosure statement that credit unions must provide to members. The intended effect is to simplify compliance and provide credit unions with greater flexibility in designing effective communications, while still ensuring that members receive clear and prominent notice of a proposed termination of federal insurance.

The NCUA Board (Board) is proposing to amend its regulations governing the conversion of insured credit unions into banks. The NCUA Board proposes to eliminate certain prescriptive procedural, disclosure, and communication requirements. This action reduces unnecessary regulatory burdens and provides credit union boards of directors with greater flexibility to exercise their business judgment. The intended effect of these changes is to simplify compliance for credit unions, reduce administrative costs, and modernize the conversion process, while ensuring members receive clear and effective disclosures.

Federal Reserve Governor Christopher Waller provided an update on the feedback the Fed received about a proposal to create “skinny” accounts for payment services, acknowledging that banks and financial technology firms want conflicting things from the proposed service. The post Fed’s Waller seeking ‘middle lane’ on ‘skinny’ master accounts appeared first on ABA Banking Journal .

A prototype payment account carries undue restrictions, fintech groups said in response to a Fed proposal that offers expanded real-time payments access.

The FDIC announced that it will push back to May the deadline for comment on its proposal to create a process through which banks can seek agency approval to issue stablecoins through a subsidiary. The post FDIC extends comment period for Genius Act implementation appeared first on ABA Banking Journal .

Proposed legislation would provide “a strong framework” to improve social media companies’ urgency in removing fraudulent advertising, “stopping countless scams before they start,” ABA President and CEO Rob Nichols said in a letter to the bill’s sponsors. The post ABA endorses bill to crack down on social media scams appeared first on ABA Banking Journal .