Washington Update

Virtual Washington Visit for Connecticut, Massachusetts, and Rhode Island

Member Advisory:  OFCCP Deadline Extended to Object to Release of Diversity Data

HMDA Reporting Threshold Changes from FDIC and OCC

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

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

United States Economy, Inflation, and the Federal Reserve

CFPB Director Chopra Testifies to Senate Banking Committee

FDIC Notice of Proposed Rule-making Modernizing Signage

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

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 Midterm Elections Update - House and Senate Control

Re-Presentment Remains in the News

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

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

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

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

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

FDIC Issues Representment Guidance

Fed Issues Guidance on Crypto for Banks

Final Payments System Access Guidelines Issued by Fed

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

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