ABA: Banks Submit Recommendations on Treasury’s Implementation of the GENIUS Act
The American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Financial Services Forum and The Clearing House Association responded late yesterday to a U.S. Department of the Treasury Advance Notice of Proposed Rulemaking on its implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS) Act. The submission asks Treasury to develop regulations that…
ICBA: ICBA Urges OCC to Deny Coinbase’s Application for a National Bank Charter
The Independent Community Bankers of America (ICBA) urged the Office of the Comptroller of the Currency (OCC) to reject Coinbase’s application for a national trust bank charter for its subsidiary, Coinbase National Trust Co. (CNTC). In a letter to the OCC, ICBA outlined serious concerns with the application, stating it failed to meet requirements of the National…
SBA: Over $6 Billion in Assistance Delivered to Disaster Survivors in FY25
Agency’s rapid, reliable support for disaster recovery aided 51,000 Americans and is now available to impacted Alaskans Today, on the heels of her latest disaster visit to the state of Alaska, U.S. Small Business Administration(SBA) Administrator Kelly Loeffler announced that the agency closed Fiscal Year 2025 (FY25) with $6 billion in assistance delivered to disaster survivors. Under the…
ABA: ABA and 52 State Banking Associations Urge Treasury to Uphold GENIUS Act’s Ban on Stablecoin Interest
The American Bankers Association joined 52 state bankers associations from across the country in submitting a letter to the U.S. Department of the Treasury today urging strong implementation of the GENIUS Act’s prohibition on interest for payment stablecoins. The letter, which responds to Treasury’s advance notice of proposed rulemaking regarding implementation of the GENIUS Act, emphasizes the…
SBA: National Veterans Small Business Week Canceled Due to Federal Shutdown
Celebration Honoring America’s Heroes Canceled After Senate Democrats Block Clean Funding Bill Today, the U.S. Small Business Administration (SBA) announced that the agency’s 12th annual National Veterans Small Business Week (NVSBW) celebration, originally scheduled for November 3-7, 2025, has been canceled due to the ongoing federal shutdown. The week-long recognition, which would have honored America’s 1.6 million veteran-owned small…
HUD: Secretary Turner Provides Update on HUD Programs Amid Government Shutdown
Provides status of critical HUD programs that support seniors, healthcare access, and housing supply, including billions in community development projects halted U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner delivered an update to the American people on the status of vital HUD programs during the Left’s shutdown: “For nearly one month, the…
ABA: Business Associations Issue Statement on Government Shutdown
Today, a broad cross-section of business associations issued the following statement: “Government shutdowns impose real, escalating costs. While exact figures vary, public estimates of the current funding lapse suggest $10 billion–$15 billion per week in lost output and economic activity. The longer the shutdown persists, the larger and more durable the economic damage becomes —…
ABA: Statement Issued on Court Ruling to Halt Compliance and Enforcement of CFPB Data Sharing Rule
“The U.S. District Court’s decision to stay compliance with the Consumer Financial Protection Bureau’s Section 1033 rule affirms the serious concerns raised by ABA and other stakeholders regarding the rule’s legal foundation, scope and impact on consumer privacy and data security. The court’s decision provides a necessary pause for the Bureau to engage meaningfully with…