Banking Politics & Policy News
American Banker's Politics & Policy coverage delivers news and analysis on how legislative action, federal agency rulemaking, regulatory politics, and public policy debates shape banking strategy, risk, competition, and compliance. Coverage explores congressional priorities, executive branch initiatives, regulatory agency actions, and the political forces that shape and impact the operating environment for financial institutions, payments companies, fintechs and distributed finance companies.
Bank leaders must navigate a dynamic policy environment where congressional action, regulatory priorities, and political forces influence capital standards, supervisory expectations, digital asset frameworks, deposit insurance, consumer rules, and competitive dynamics.
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The legislation would let merchants, as well as banks and credit unions, round cash transactions to the nearest nickel, part of the administration's effort to discontinue the penny.
8h ago
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The CEO of a Michigan credit union was ousted after an AI-altered photo of her family wearing "Lake America" sweatshirts went viral, drawing criticism from Canadians.
September 28
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A Senate report found that 84% of 846 sanctioned Iran-linked wallets ran on USDT.
September 28
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The White House's top economist says inflation is already at the Fed's 2% target and suggested that further rate hikes could jeopardize growth.
September 28
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Zervos has argued that the Federal Reserve's monetary policy is too restrictive and backed Treasury's expanded buybacks of long-term debt.
September 28
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A federal judge ruled that the Trump administration's attempt last year to halt funding for the Consumer Financial Protection Bureau was unlawful and unconstitutional. Two other judges have issued similar decisions.
September 28
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Bankers have taken out ad buys against incumbent Republican Senator Roger Marshall of Kansas as he struggles to hold what has traditionally been a ruby-red Senate seat.
September 28
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U.S. regulators have made it clear that banks have the discretion to explain account closures, short of disclosing the existence of a suspicious activity report filing. They should make it mandatory.
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Looking past the headline numbers, there are reasons to be concerned about the condition of the U.S. economy. Particularly troubling is the fact that large numbers of Americans live financially precarious lives.
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The section of the bill addressing stablecoin rewards is the product of a hard-won bipartisan compromise. Efforts to reword it would not only create confusion, but would seriously endanger its passage.
