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Banking News
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.
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.
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.
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.
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