More work is needed to provide the regulatory certainty required to realize the promise of stablecoins and other digital assets, including ensuring that the same anti-money laundering regulations apply to equivalent financial activities, ABA said. The post ABA: Same BSA regulations should apply to banks, digital assets appeared first on ABA Banking Journal.| ABA Banking Journal
ABA urged the Federal Reserve and Treasury Department to alleviate the operational challenges caused by the end of penny production, such as by providing public education, giving guidance on rounding transactions and ensuring the existing penny supply continues to circulate during the transition. The post ABA asks Fed, administration to maintain full penny deposit services appeared first on ABA Banking Journal.| ABA Banking Journal
Nacha voting members approved new rules aimed at increasing the efficiency of international Automated Clearing House transactions, or IATs, according to the organization. The post Nacha adopts new rules to enhance international ACH transactions appeared first on ABA Banking Journal.| ABA Banking Journal
Despite a decline in satisfaction across all lender types between 2023 and 2024, banks maintain the highest net satisfaction scores among small business applicants. The post ABA DataBank: Banks lead in small business satisfaction appeared first on ABA Banking Journal.| ABA Banking Journal
The rate for a 30-year fixed-rate mortgage was 6.27% this week. The rate for a 15-year fixed-rate mortgage was 5.52%. The post Mortgage rates decrease appeared first on ABA Banking Journal.| ABA Banking Journal
A new law establishing a regulatory framework for stablecoins has “gaps” that could pose risks to financial stability and consumer protection if federal and state regulators don’t establish safeguards for individuals and businesses, Federal Reserve Governor Michael Barr said. The post Fed’s Barr: Regulation needed to fill ‘gaps’ in stablecoin law appeared first on ABA Banking Journal.| ABA Banking Journal