Rob Nichols

Credit unions get reprieve (again) on capital rule. Bankers jeer


The NCUA proposed Thursday to put off until 2022 implementation of a rule that would require larger credit unions to hold more risk-based capital.


Bankers back bill to let states determine marijuana rules


A broad bill that amends the Controlled Substances Act to formally recognize state laws legalizing marijuana has the support of the financial services industry.


FDIC crackdown on brokered deposits goes too far: ABA report


A legal memo conducted on behalf of the trade group says the agency’s policy goes beyond statutory intent and places undue restrictions on healthy banks.


Why startup Finxact just got $30M from the ABA, SunTrust, others


The core-banking vendor won the investment and ringing endorsements from the trade group and several banks because its open system and cloud delivery could eventually challenge entrenched tech players.


Banks are feeling effects of shutdown: ABA


The American Bankers Association has called for an end to the government shutdown, saying it has prevented customers from securing loans and threatens even more damage.


ABA ads praise six lawmakers, tell voters to stay engaged on issues


Unlike previous spots produced by the group that just backed candidates, the latest ones reflect a somewhat different approach.


ABA endorses two more House members in midterms


The banking industry group has so far endorsed six candidates in their re-election campaigns for the upcoming November elections.


ABA will air TV ads for two more lawmakers seeking re-election


The American Bankers Association will run advertisements in support of Reps. French Hill and Bruce Poliquin, who are incumbents this November. The group has now endorsed three Republicans and a Democrat.


5 takeaways from Treasury’s call to action on CRA


The financial services industry and community reinvestment advocates both praised the Treasury Department’s recommendations for reforming Community Reinvestment Act enforcement.


Tax plan could mean bigger hit from FDIC premiums


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.