American Bankers Association

State bank trades cheer Hatch review of credit union tax status

02/20/18

Fifty-two state bank trade associations sent a letter to Sen. Orrin Hatch, R-Utah, encouraging him to continue his review of the credit union tax exemption.

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Hatch touches a third rail: Should credit unions be taxed?

02/01/18

Credit union groups were scrambling Wednesday to respond to a letter from Senate Finance Committee Chairman Orrin Hatch questioning whether the industry had outgrown its income-tax exemption.

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Banks, credit unions urge Senate leaders to hold vote on reg relief

01/29/18

Four financial trade associations sent a letter to Senate leaders touting the regulatory relief bill as "example of how our elected leaders can advance necessary solutions by working together and across the aisle."

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House votes to exempt more firms from HMDA rule

01/19/18

A bill passed by the House would raise the threshold that allows smaller banks and credit unions to avoid expanded Home Mortgage Disclosure Act requirements imposed by a 2015 rule.

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Data security takes center stage as state legislatures convene

01/11/18

If Congress doesn’t take the lead on better protecting consumers from data breaches, states are more than ready to offer their own fixes. Bankers will also be keeping close tabs on bills related to marijuana, PACE loans and elder financial abuse.

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Banks, retailers, tech firms make rare joint call for federal data security rules

01/05/18

Twenty-two trade groups, including seven financial trade groups, sent a letter to House lawmakers calling for new data security standards that would preempt state law.

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Financial services trades press Congress on data security standards

12/21/17

Seven trade associations — including those representing banks and credit unions — sent a joint letter to Congress outlining data security standards for entities that handle financial data.

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Banks seek level playing field for CRE construction lending

11/10/17

A bill that would ease Basel III capital requirements on commercial real estate loans could level the playing field between depository and nonbank lenders and spur more construction lending if it passes in the Senate.

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Tax plan could mean bigger hit from FDIC premiums

11/06/17

Bankers are generally happy with the House Republican tax plan released last week, but one provision of the proposed overhaul is likely to give them pause: a cutback in the deduction for deposit insurance premiums.

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Moderate Dems try to salvage reg relief after Brown rejects GOP plan

11/01/17

Discussions on a regulatory relief package between the top Democrat and Republican on the Senate Banking Committee broke down late Tuesday, but members from both parties remain hopeful they can reach a bipartisan deal.

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