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News Archive for Oct 2023



U.S. Senate Banking Committee Advances SAFER Act to U.S. Senate

Posted on: 10/4/2023
The Senate Banking Committee has voted 14-9 to advance the SAFER Act out of Committee to the full Senate ...
 

McCarthy Removed as House Speaker

Posted on: 10/4/2023
The House yesterday voted 216-210 to remove Rep. Kevin McCarthy (R-Calif.) as speaker, with Democrats ...
 

More Than 100 Institutions Using FedNow

Posted on: 10/4/2023
According to the Federal Reserve, a total of 108 institutions are now using the FedNow service.  ...
 

ABA Launches Refreshed #BanksNeverAskThat Campaign for 2023

Posted on: 10/4/2023
ABA and banks across the country today launched the fourth annual #BanksNeverAskThat consumer protection ...
 

Gruenberg Sees Little Chance of Deposit Insurance System Changes

Posted on: 10/4/2023
According to FDIC Chairman Martin Gruenberg, there is little likelihood of any changes being made to ...
 

Huber Obenauer and Clayburgh Join ABA Board for 2023-2024

Posted on: 10/11/2023
ABA members attending the association’s Annual Convention in Nashville have elected new officers ...
 

Social Media Largest Source of Fraud Losses

Posted on: 10/11/2023
One in four people who reported losing money to fraud in the last two years said the scam began on social ...
 

Balance Sheet Management Top List of Banker Concerns

Posted on: 10/11/2023
The basics of balance sheet management have returned to the fore of bankers’ attention as interest ...
 

Banks Remain Resilient but Risks Persist

Posted on: 10/25/2023
The banking system remained sound and resilient as risk-based capital ratios remained close to average ...
 

Watchdog Agency Criticizes FDIC Approach to Crypto Supervision

Posted on: 10/25/2023
The FDIC’s lack of clear guidance for digital assets creates uncertainty for financial institutions ...
 

US Senate Advances 1071 Resolution

Posted on: 10/25/2023
The US Senate has passed S.J.Res.32, A Congressional Review Act (CRA) joint resolution providing for ...
 

Federal Reserve to Consider Lowering Interchange Fee Cap

Posted on: 10/25/2023
The Federal Reserve has announced a meeting scheduled for Oct. 25 with just one topic on their agenda, ...
 

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