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Washington Update

Washington Update

#2023-2, January 20, 2023

Virtual Washington Visit for Connecticut, Massachusetts, and Rhode Island

The Office of Financial Research (OFR) Issues Annual Report to Congress

McCarthy Elected Speaker, Brinksmanship on Capitol Hill Approaching

#2023-1, January 6, 2023

Joint Statement on Crypto Risk-Assets to Banking Organizations

McCarthy Approaching Successful Speaker Vote After 13 Attempts

Biden Administration Issues Fall 2022 Semiannual Regulatory Agenda

#2022-33, December 16, 2022

United States Economy, Inflation, and the Federal Reserve

CFPB Director Chopra Testifies to Senate Banking Committee

FDIC Notice of Proposed Rule-making Modernizing Signage

#2022-32, December 9, 2022

ABA, Associations Seek Summary Judgment in CFPB Lawsuit

OCC: Bank-Fintech Partnerships Remain Area of Heightened Scrutiny

U.S. Adds 263,000 Jobs in November

Consumer Credit Increased in October

#2022-31, December 2, 2022

Updates on the Massachusetts Congressional Delegation

Massachusetts Joins with 43 state associations and ICBA – SAFE Act

Federal Open Market Committee (FOMC) to Meet December 13-14th

FDIC Quarterly Banking Profile

#2022-29, October 28, 2022

CFPB Issues Fees Guidance on Overdraft and Depositors

FDIC Study Indicates Nearly 96 Percent of Households have Deposit Accounts; Number of Unbanked Falls to New Low

CFPB Proposes Data-Sharing Rules

#2022-28, October 21, 2022

FDIC Approves Controversial Deposit Insurance Assessment Rate Increase

Federal Appeals Court Invalidates CFPB’s Funding Structure and Small-Dollar Lending Rule

MBA Joins Banking Trade Groups in Calling on FHFA to Change to FHLB Advance Qualifications

89th Annual New England Trust and Wealth Management Conference -- Members Encouraged to Attend

#2022-27, October 7, 2022

Trade Groups Sue CFPB for Exceeding its Statutory Authority on UDAAP

Fed Issues Final Rule Expanding Durbin Routing Requirements to Card-Not-Present Transactions

Fed Launching New Bank Application Filing System

Reading Cooperative Bank’s Juliann Thurlow Elected ABA Chair-Elect

#2022-26, September 23, 2022

House Version of Durbin-Marshall Bill Introduced

Large Bank CEOs Testify Before House Financial Services; Senate Banking Committees

Treasury Issues Reports Calling for Digital Asset Regulation

Biden Nominates Two for FDIC Board

MCBC Hosting Financial Equity Summit on October 3-4: Members Encouraged to Participate

#2022-21, July 29, 2022

Senators Introduce MBA-Opposed Legislation Expanding Durbin Amendment

Senate Reconciliation Package Does Not Include Bank Tax Provisions

OCC Releases Infographics to Assist Bankers in Understanding Proposed CRA Rules

SBA Now Accepting Requests for Loan Reviews from PPP Borrowers

#2022-24, August 19, 2022

FDIC Issues Representment Guidance

Fed Issues Guidance on Crypto for Banks

Final Payments System Access Guidelines Issued by Fed

#2022-23, August 12, 2022

MBA Joins with State, National Bank and Credit Union Associations in Opposing Bill to Expand Durbin Amendment

FHFA, Fannie, Freddie Mandating New Data Collection Requirements for Mortgage Servicers

#2022-22, August 5, 2022

Association Submits Comments on Proposed Changes to CRA

FDIC Issues Advisory for Banks Regarding Deposit Insurance and Crypto

Regulators Propose Updates to Statement on CRE Loan Accommodations

#2022-25, September 2, 2022

FedNow Real-Time Payments to Launch by July 2023

FHFA will Conduct “Comprehensive Review” of Federal Home Loan Bank System

SEC Finalizes New Reporting Requirements for Executive Compensation

ABA Seeking Bankers to Serve as “Small Entity Representatives” for Account Data Access Rule Feedback Process

FDIC, OCC, and Boston Fed Hosting Webinar on Economic Challenges and Opportunities for Latinos in Massachusetts on September 8