Hot Topics

• NYBA joined with the ABA and state banking associations across the country on a letter to urge federal regulators to consider certain key principles when promulgating rules in the area of ESG (Economic, Social, and Governance). Importantly, the letter states: “Policymakers play an important role in addressing national and global challenges, but banks should not be used as proxies to effectuate…social policy goals.”
  
  
• At its Board meeting, the FDIC voted to issue a notice of proposed rulemaking that would raise deposit insurance assessment rates by 2 basis points for all insured depository institutions.  NYBA is reviewing this policy development with our national trade group partners and will be joining in the industry’s advocacy efforts.