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This ABA Banking Journal newsletter is a free, twice-monthly supplement to the ABA Banking Journal magazine intended to help you stay on top of industry and policy news.
You can also stay abreast of banking news by visiting aba.com/BankingJournal, home to ABA Daily Newsbytes and other email bulletins.
ABA VP Jonathan Thessin covers what banks need to know about the Biden administration’s COVID-19 action plan, which includes new employer-level vaccination mandates and testing requirements for employees not vaccinated against COVID.
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Whatever the specifics, we can be certain that every business that deals with virtual currencies will be affected as well.
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As the SEC considers comments from its recent request for information on climate change disclosures, the Office of Corporation Finance has published a model comment letter consisting of comments that recently have been sent to various SEC registrants related to climate change.
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CEO survey reveals banks’ resilience, commitment to employees and communities.
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ABA congratulates the women named to American Banker magazine’s “Most Powerful Women in Banking,” “Women to Watch in Banking” and “Most Powerful Women in Finance” lists for 2021. Many of them are current and former members of ABA’s board, councils and committees.
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On this episode the ABA Banking Journal Podcast, Berkshire Bank President and CEO Nitin Mhatre discusss Berkshire Bank’s “BEST Community Comeback,” a new $5 billion ESG-focused initiative at the Massachusetts-based midsize community bank.
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Failing to raise the debt ceiling and allowing the U.S. to default on its debt would have potentially catastrophic consequences for the economy and for Americans, CEOs of the nation’s largest banks told President Biden at a White House event.
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Lenders need to “pick up the pace” to be ready for the year-end change away from Libor to alternative reference rates, Federal Reserve Vice Chairman for Supervision Randal Quarles, who also chairs the Financial Stability Board, said in a recent speech.
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ABA and a coalition of retirement trade groups reiterated their request that the IRS make permanent its temporary relief from the physical presence requirement for spousal consent.
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The future of banking is bright, provided the policy environment continues to support growth, bank CEO Jim Reuter said in prepared testimony submitted ahead of a recent House Financial Services subcommittee hearing.
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The OCC is weighing requirements for banks “to either diversify their boards or explain why they have not,” Acting Comptroller of the Currency Michael Hsu said in remarks at a recent housing industry event.
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The U.S. Postal Service last month quietly launched a pilot program in four U.S. cities offering expanded financial services at certain post office locations in Washington D.C., Baltimore, Falls Church, Virginia, and the Bronx, New York.
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Central bank digital currencies will meet the goals envisioned by their proponents only if they include private-sector participation, interoperability with the existing payments system and careful, deliberate design and implementation, a group of central banks that includes the Federal Reserve said.
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