Latest Headlines

Private Flood Insurance Rule Takes Effect Today (7/1/2019) 
The financial regulatory agencies’ joint rule on private flood insurance acceptance takes effect today, July 1.
 
Bankers: Ask Lawmakers to Support CECL Stop and Study Bills (6/28/2019) 
Given the significant operational challenges and potential economic consequences arising from the current expected credit loss standard, ABA is calling on bankers to contact their lawmakers immediately in support of legislation that would delay CECL’
 
New Report Finds Credit Unions Operate with ‘Scant Regard’ for Statutory Mission (6/27/2019) 
On the eve of the 85th anniversary of the Federal Credit Union Act’s enactment, new research released found that credit unions are falling short of their mission to serve households of “small means.”
 
NCUA Votes to Delay Risk-Based Capital Rules for Credit Unions (6/21/2019) 
In a move strongly opposed by ABA, the National Credit Union Administration by a 2 to 1 margin yesterday voted to delay the effective date of the 2015 risk-based capital rule until January 1, 2022.
 
ABA Supports Two Flood Insurance Bills (6/11/2019) 
Ahead of a markup scheduled in the House Financial Services Committee, ABA in a memo to committee members offered support for two flood insurance bills scheduled for consideration.
 
Senators Introduce Draft of Bipartisan AML Reform Bill (6/11/2019) 
A bipartisan group of senators released draft legislation aimed at reforming several existing anti-money laundering rules.
 
New ABA White Paper Helps Bankers Understand the Internet of Things (6/4/2019) 
As part of its efforts to help bankers understand and leverage the benefits of fintech, ABA has published a free white paper on the Internet of Things, or IoT.
 
Congress Passes Two-Week Extension for NFIP, Avoiding Lapse (5/31/2019) 
The House passed a bill—S. 1693, which was approved by the Senate last week—extending the National Flood Insurance Program through June 14.
 
Agencies Issue Final Rule Implementing S. 2155 LCR Adjustment (5/31/2019) 
The federal banking agencies issued a final rule implementing an ABA-advocated provision of S. 2155 that expands the pool of what counts as high-quality liquid assets under the Liquidity Coverage Ratio.
 
Arkansas Bankers Association Natural Disaster Resources (5/30/2019) 
The National Weather Services predicts that every large community along the Arkansas river will see major or record flooding within the next 10 days. The ABA strives to provide our members with resources relevant for both your bank and your customers
 
Report: GOP Senators Give Positive Signals on SAFE Banking Act (5/29/2019) 
Two Republican senators expressed optimism that the Senate Banking Committee will take up the ABA-backed SAFE Banking Act.
 
House Fails to Pass Temporary NFIP Extension (5/29/2019) 
The potential for a lapse in funding for the National Flood Insurance Program increased as the House failed to pass two separate measures that would have temporarily extended the program.
 
State Associations Urge Cannabis Hearings in Senate (5/21/2019) 
The 51 state bankers associations urged the Senate Banking Committee to hold hearings on legislative solutions to the conundrum faced by banks in states where marijuana has been legalized.
 
ABA Calls for CECL Delay, Quantitative Impact Study in Letter to Rep. Meeks (5/16/2019) 
In a letter to Rep. Gregory Meeks, ABA reiterated its call for a delay in the implementation of the current expected credit loss accounting standard until a quantitative impact study can be conducted and the full economic effects of CECL can be deter
 
House Financial Services Committee Advances BSA/AML Bill (5/10/2019) 
The House Financial Services Committee voted to advance H.R. 2514—an ABA-backed bill introduced by Rep. Emanuel Cleaver (D-Mo.) that would modernize the BSA/AML framework.
 
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