Trade Associations
Here's a look at documents from national and international trade associations
Featured Stories
Study Links Heart Attacks and Late-onset Epilepsy in Older Adults
MINNEAPOLIS, Minnesota, Nov. 6 -- The American Academy of Neurology issued the following news release:
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Study links heart attacks and late-onset epilepsy in older adults
Older adults who have a heart attack may be more likely to develop epilepsy later in life, according to a study published November 5, 2025 in Neurology(R), the medical journal of the American Academy of Neurology. While the study shows a link between these conditions, it does not prove cause and effect.
"In middle-aged and older adults, vascular disease can block, weaken or narrow blood vessels, and it often affects multiple
... Show Full Article
MINNEAPOLIS, Minnesota, Nov. 6 -- The American Academy of Neurology issued the following news release:
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Study links heart attacks and late-onset epilepsy in older adults
Older adults who have a heart attack may be more likely to develop epilepsy later in life, according to a study published November 5, 2025 in Neurology(R), the medical journal of the American Academy of Neurology. While the study shows a link between these conditions, it does not prove cause and effect.
"In middle-aged and older adults, vascular disease can block, weaken or narrow blood vessels, and it often affects multipleparts of the body at once," said study author Evan L. Thacker, PhD, of Brigham Young University in Provo, Utah. "Our study found a first heart attack may flag cerebrovascular disease, a condition that affects blood vessels in the brain, which may raise the risk of epilepsy."
The study included 3,174 adults who were stroke-free and had no history of heart attack or epilepsy at the start of the study. They had an average age of 69 and were followed for up to 30 years.
During the study, 296 people had a heart attack, 120 developed late-onset epilepsy, which is epilepsy after age 60, and 794 died of vascular causes other than stroke. Vascular causes included heart attack as well as heart failure, irregular heartbeat, pulmonary embolism--a blood clot in the lungs--and aortic aneurysm, a bulge in the main artery of the heart.
For people who had a heart attack, seven people per 1,000 person-years later developed epilepsy compared to two people per 1,000 person-years who did not have a heart attack. Person-years represent both the number of people in the study and the amount of time each person spends in the study.
After adjusting for factors such as age, smoking and weight, researchers found after a heart attack, people were about twice as likely to develop late-onset epilepsy.
Researchers also looked at whether people with late-onset epilepsy had an increased risk of then having a heart attack, but found no significant association.
Researchers found that deaths from a vascular cause other than stroke occurred at a rate of 99 deaths per 1,000 person-years after a person developed late-onset epilepsy compared to 16 per 1,000 person years for people who never developed epilepsy. After adjustments, people who developed late-life epilepsy were nearly three times more likely to die from a vascular cause.
"These findings highlight the interconnectedness that heart and vascular health may have with brain health in later life," Thacker said. "When an older adult has a heart attack, clinicians may want to stay alert for possible seizures later."
A limitation of the study was that the number of people who developed both conditions was small, which makes the estimates less certain.
The study was supported by the National Institutes of Health.
Discover more about epilepsy at Brain and Life (R), from the American Academy of Neurology. This resource also offers a website, podcast, and books that connect patients, caregivers and anyone interested in brain health with the most trusted information, straight from the world's leading experts in brain health. Follow Brain & Life(R) on Facebook, X and Instagram.
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The American Academy of Neurology is the leading voice in brain health. As the world's largest association of neurologists and neuroscience professionals with more than 40,000 members, the AAN provides access to the latest news, science and research affecting neurology for patients, caregivers, physicians and professionals alike. The AAN's mission is to enhance member career fulfillment and promote brain health for all. A neurologist is a doctor who specializes in the diagnosis, care and treatment of brain, spinal cord and nervous system diseases such as Alzheimer's disease, stroke, concussion, epilepsy, Parkinson's disease, multiple sclerosis, headache and migraine.
Explore the latest in neurological disease and brain health, from the minds at the AAN at AAN.com or find us on Facebook, X, LinkedIn, Instagram and YouTube.
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Original text here: https://www.aan.com/PressRoom/Home/PressRelease/5294
[Category: Medical]
OBL Urges Treasury to Uphold Congressional Intent in Implementing the GENIUS Act
COLUMBUS, Ohio, Nov. 6 -- The Ohio Bankers League issued the following news on Nov. 5, 2025:
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OBL Urges Treasury to Uphold Congressional Intent in Implementing the GENIUS Act
The Ohio Bankers League joined state banking associations across the country this week in submitting a formal comment letter to the U.S. Department of the Treasury on implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The OBL's letter strongly urges Treasury to maintain the Act's core intent--ensuring that payment stablecoins function as means of payment, not investment
... Show Full Article
COLUMBUS, Ohio, Nov. 6 -- The Ohio Bankers League issued the following news on Nov. 5, 2025:
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OBL Urges Treasury to Uphold Congressional Intent in Implementing the GENIUS Act
The Ohio Bankers League joined state banking associations across the country this week in submitting a formal comment letter to the U.S. Department of the Treasury on implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The OBL's letter strongly urges Treasury to maintain the Act's core intent--ensuring that payment stablecoins function as means of payment, not investmentvehicles.
The OBL's comments emphasize that the Act's prohibition on interest or yield payments for payment stablecoins is essential to protecting the stability of the traditional banking system and preventing the kind of speculative activity that could siphon deposits away from community banks. Without clear, broad enforcement of this prohibition, digital asset platforms could exploit loopholes to offer yield-style rewards that undermine the law's purpose and distort the market for insured deposits.
Community banks, which provide critical credit to small businesses, farmers, and families, are particularly exposed to potential disintermediation from interest-bearing stablecoins. As the OBL noted, even modest shifts in deposits could translate to significant reductions in local lending capacity--harming the communities that banks serve every day.
To uphold congressional intent, the OBL urged Treasury to:
* Define "interest or yield" broadly to include any economic benefit, regardless of its label.
* Prevent evasion through affiliates or third-party partners, ensuring indirect payments are treated as issuer payments.
* Avoid narrow interpretations of "solely," so that any benefit tied to holding a payment stablecoin would trigger the prohibition.
"The digital assets landscape is evolving rapidly, and thoughtful, balanced rulemaking is needed to ensure it develops in a way that supports--not disrupts--the broader financial system," the OBL wrote. The OBL extends its sincere thanks to the more than 50 Ohio bankers who took the time to submit their own regulatory comment letters on this important issue. Their engagement helps ensure that the voices of Ohio's community banks are heard loud and clear in Washington as Treasury finalizes these critical rules.
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November 4, 2025
U.S. Department of the Treasury, Attention: Office of the General Counsel 1500 Pennsylvania Avenue NW, Washington, DC 20220
Re: GENIUS Act Implementation (RIN 1505-ZA10)
To whom it may concern:
ABA and the undersigned state bankers associations appreciate the opportunity to respond to the U.S. Department of the Treasury's advance notice of proposed rulemaking (ANPR) regarding implementation of the recently enacted Guiding and Establishing National Innovation for U.S.
Stablecoins Act of 2025 (GENIUS Act).1 We appreciate the Administration and Congress for establishing a regulatory framework for payment stablecoins, which is a meaningful step toward fostering responsible innovation, but it is critical that foundational legislative concepts are carefully reflected in the rules that will implement the Act.
In addition to supporting the comment letter submitted by ABA and other financial trade organizations, the undersigned write to urge Treasury to broadly interpret the GENIUS Act's prohibition on interest,2 a critical provision intended to support stablecoins' use as a means of payment rather than a store of value. This interpretation honors congressional intent and supports banks' continued ability to serve communities.
a. Honoring Congressional Intent
The GENIUS Act's prohibition on a payment stablecoin issuer paying interest or yield on payment stablecoins reflects Congress's intent for payment stablecoins to be used for transactions and not as investment vehicles. Treasury must reinforce this intent. The GENIUS Act defines payment stablecoins as digital assets used for payment or settlement and explicitly excludes deposits and securities, which typically offer returns.3 The Senate Banking Committee's release promoting the GENIUS Act emphasizes this point, specifying that "The GENIUS Act also recognizes that payments products are different than banking products and therefore bans issuers from offering yield or interest on payment stablecoins."4 But while Congress's intent is clear, digital asset platforms today offer incentives to attract users to hold payment stablecoins...
1 Department of the Treasury, GENIUS Act Implementation, Advance Notice or Proposed Rulemaking, 90 Fed. Reg. 45,159 (Sept. 19, 2025).
2 GENIUS Act, Sec. 4(a)(11) "Prohibition on interest.--No permitted payment stablecoin issuer or foreign payment stablecoin issuer shall pay the holder of any payment stablecoin any form of interest or yield (whether in cash, tokens, or other consideration) solely in connection with the holding, use, or retention of such payment stablecoin."
3 GENIUS Act, Sec. 2(22)(B)(ii)-(iii).
4 U.S. Senate Comm. on Banking, Hous., & Urban Affs., Myth vs. Fact: The GENIUS Act (May 8, 2025), https://www.banking.senate.gov/newsroom/majority/myth-vs-fact-the-genius-act.
*
...including, high-yield rewards, token bonuses, and promotional payouts5, asserting the ban on interest does not apply beyond stablecoin issuers. Some GENIUS Act supporters have already spoken out against this interpretation as exploitation of a loophole that should be closed. For example, when asked about digital asset exchanges paying interest on payment stablecoins, Senator Mike Rounds told Politico6 in early October: "the intent in the original legislation" was to ban yield payments to stablecoin holders. "This looks to me like it's an end-run on the original legislation."
b. Supporting Banks to Serve Communities Banks power the economy by turning deposits into loans. Community banks, in particular, are foundational to credit access in rural and underserved areas. They rely on stable deposit bases to fund loans for small businesses, farmers, and families.7 When stablecoin issuers or other market participants offer returns, they disrupt the traditional banking model by drawing deposits away from banks and into digital assets. This disintermediation reduces funds available for lending and disproportionately harms community banks, which lack the scale to compete with large, techaffiliated issuers. Data supports this assertion.8 If stablecoins are allowed to pay interest at the federal funds rate, deposit losses could reach 25.9%, eliminating approximately $1.5 trillion in lending capacity. Small business and farm credit would shrink by $110 billion and $62 billion, respectively. While all banks are affected, community banks face the greatest strain. Their deposit erosion directly threatens credit access for households, small businesses, and rural communities.9
To ensure the GENIUS Act's interest prohibition is effective, Treasury and regulators should:
* Define "Interest or Yield" Broadly
Any economic benefit provided to a stablecoin holder should count regardless of what it is called or marketed.
* Prevent Evasion Through Affiliates, Partners, or Other Arrangements Direct and indirect payments from payment stablecoin issuers should be prohibited.
Payments by a person (including digital asset service providers) that acts on behalf of or in coordination with a payment stablecoin issuer should be treated as payments by the issuer.
* Avoid a Narrow Interpretation of "Solely" Issuers should not be able to claim that a benefit is not "solely" for holding, use, or retention of a payment stablecoin just because they add a minor extra condition. If holding the coin is required to get the benefit, that should be enough to trigger the prohibition.
5 See Coinbase website, https://www.coinbase.com/usdc, accessed October 29, 2025.
6 See PoliticoPro, Key Republican sides with banks in Wall Street's clash with crypto firms, October 8, 2025.
7 See Fed. Deposit Ins. Corp., 2020 Community Banking Study (Dec. 2020), https://www.fdic.gov/resources/community-banking/report/2020/2020-cbi-study-full.pdf.
8 Andrew Nigrinis, The Lending Impact of Stablecoin-Induced Deposit Outflows, SSRN (Oct. 10, 2025), https://ssrn.com/abstract=5586850.
9 Id.
*
The digital assets landscape is evolving rapidly, and thoughtful, balanced rulemaking is needed to ensure it develops in a way that supports--not disrupts--the broader financial system. By honoring and strengthening Congress's interest prohibition, regulators can foster responsible innovation while protecting consumers, preserving access to credit, and promoting economic stability. We appreciate your attention to these important issues and stand ready to serve as a resource as you continue this critical work.
Sincerely,
American Bankers Association
Alabama Bankers Association
Alaska Bankers Association
Arizona Bankers Association
Arkansas Bankers Association
California Bankers Association
Colorado Bankers Association
Connecticut Bankers Association
DC Bankers Association
Delaware Bankers Association
Florida Bankers Association
Georgia Bankers Association
Hawaii Bankers Association
Idaho Bankers Association
Illinois Bankers Association
Indiana Bankers Association
Iowa Bankers Association
Kansas Bankers Association
Kentucky Bankers Association
Louisiana Bankers Association
Maine Bankers Association
Maryland Bankers Association
Massachusetts Bankers Association
Michigan Bankers Association
Minnesota Bankers Association
Mississippi Bankers Association
Missouri Bankers Association
Montana Bankers Association
Nebraska Bankers Association
Nevada Bankers Association
New Hampshire Bankers Association
New Jersey Bankers Association
New Mexico Bankers Association
New York Bankers Association
North Carolina Bankers Association
North Dakota Bankers Association
Ohio Bankers League
Oklahoma Bankers Association
Oregon Bankers Association
Pennsylvania Bankers Association
Puerto Rico Bankers Association
Rhode Island Bankers Association
South Carolina Bankers Association
South Dakota Bankers Association
Tennessee Bankers Association
Texas Bankers Association
Utah Bankers Association
Vermont Bankers Association
Virginia Bankers Association
Washington Bankers Association
West Virginia Bankers Association
Wisconsin Bankers Association
Wyoming Bankers Association
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Original text here: https://www.ohiobankersleague.com/News-Information/Headlines/View/ArticleId/28718/OBL-Urges-Treasury-to-Uphold-Congressional-Intent-in-Implementing-the-GENIUS-Act
[Category: Financial Services]
Missouri Submits Rural Health Transformation Program Plan To CMS
JEFFERSON CITY, Missouri, Nov. 6 -- The Missouri Hospital Association posted the following news on Nov. 5, 2025:
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Missouri Submits Rural Health Transformation Program Plan To CMS
Gov. Mike Kehoe and the Missouri Department of Social Services announced today that the state of Missouri submitted its Rural Health Transformation Program plan to the Centers for Medicare & Medicaid Services. Missouri's RHTP plan focuses on the following.
* improving health care access for rural Missourians by connecting providers, pharmacies, public health agencies, at-home resources and digital health tools
... Show Full Article
JEFFERSON CITY, Missouri, Nov. 6 -- The Missouri Hospital Association posted the following news on Nov. 5, 2025:
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Missouri Submits Rural Health Transformation Program Plan To CMS
Gov. Mike Kehoe and the Missouri Department of Social Services announced today that the state of Missouri submitted its Rural Health Transformation Program plan to the Centers for Medicare & Medicaid Services. Missouri's RHTP plan focuses on the following.
* improving health care access for rural Missourians by connecting providers, pharmacies, public health agencies, at-home resources and digital health toolsthrough a unified, regional network
* expanding access to primary care, behavioral health, and maternity services in rural communities while strengthening specialty and complex care through telehealth and patient-focused technology
* enhancing rural provider sustainability by increasing collaboration among local partners to advance technology, operations, and care delivery, and incentivizing better health outcomes through shared savings of avoidable health care costs
CMS will review each state's proposal and notify awardees by Wednesday, Dec. 31.
For more information on Missouri's plan, visit the DSS website or learn more about the RHTP on the CMS website.
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About Missouri Hospital Association
The Missouri Hospital Association is a nonprofit association in Jefferson City that represents 136 Missouri hospitals. In addition to representation and advocacy on behalf of its membership, the association offers continuing education programs on current health care topics and seeks to educate the public about health care issues.
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Original text here: https://www.mohospitals.org/newsroom/missouri-submits-rural-health-transformation-program-plan-to-cms
[Category: Health Care]
First-Time Home Buyer Share Falls to Historic Low of 21%, Median Age Rises to 40
WASHINGTON, Nov. 6 (TNSrpt) -- The National Association of Realtors posted the following news release on Nov. 4, 2025:
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First-Time Home Buyer Share Falls to Historic Low of 21%, Median Age Rises to 40
Approximately nine in 10 buyers and sellers worked with a real estate agent, with seller representation reaching record highs
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The share of first-time home buyers dropped to a record low of 21%, while the typical age of first-time buyers climbed to an all-time high of 40 years, according to the National Association of REALTORS' 2025 Profile of Home Buyers and Sellers (https://www.nar.realtor/research-and-statistics/research-reports/highlights-from-the-profile-of-home-buyers-and-sellers).
... Show Full Article
WASHINGTON, Nov. 6 (TNSrpt) -- The National Association of Realtors posted the following news release on Nov. 4, 2025:
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First-Time Home Buyer Share Falls to Historic Low of 21%, Median Age Rises to 40
Approximately nine in 10 buyers and sellers worked with a real estate agent, with seller representation reaching record highs
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The share of first-time home buyers dropped to a record low of 21%, while the typical age of first-time buyers climbed to an all-time high of 40 years, according to the National Association of REALTORS' 2025 Profile of Home Buyers and Sellers (https://www.nar.realtor/research-and-statistics/research-reports/highlights-from-the-profile-of-home-buyers-and-sellers).This annual survey of recent home buyers and sellers covers transactions between July 2024 and June 2025 and offers industry professionals, consumers, and policymakers detailed insights into home-buying and selling behavior.
"The historically low share of first-time buyers underscores the real-world consequences of a housing market starved for affordable inventory," said Jessica Lautz NAR deputy chief economist and vice president of research. "The share of first-time buyers in the market has contracted by 50% since 2007 - right before the Great Recession. The implications for the housing market are staggering. Today's first-time buyers are building less housing wealth and will likely have fewer moves over a lifetime as a result."
"Unfolding in the housing market is a tale of two cities," Lautz explained. "We're seeing buyers with significant housing equity making larger down payments and all-cash offers, while first-time buyers continue to struggle to enter the market."
"For generations, access to home-ownership has been the primary way Americans build wealth and the cornerstone of the American Dream," said Shannon McGahn, NAR executive vice president and chief advocacy officer. "Delayed or denied home-ownership until age 40 instead of 30 can mean losing roughly $150,000 in equity on a typical starter home. FHA and VA programs have helped millions of Americans access home-ownership, join the middle class, and create intergenerational wealth - a testament to smart government policy in support of home-ownership."
"Today, we must focus on policies that address the root cause of the affordability crisis: inadequate housing supply," McGahn added. "That means both unlocking existing inventory and enabling new construction. We need solutions that encourage more owners to sell, revitalize underused properties, streamline local zoning and permitting barriers, and modernize construction methods to build more homes faster and more affordably. These commonsense reforms make homes more affordable, restore opportunity, and help revive the dream of home-ownership for generations to come."
First-time Buyers
* Median age: 40 years old
* 10% median down payment - matching the highest level recorded since 1989
* Top sources for down payment:
- Personal savings (59%)
- Financial assets - such as a 401(k), stocks, or cryptocurrency (26%)
- Gifts or loans from family and friends (22%)
Repeat Buyers
* Median age: 62 years old
* 23% median down payment
* 30% were all-cash buyers
All Buyers
* Median age: 59 years old
* 24% have children under the age of 18 living at home - an all-time low
* 14% purchased a multigenerational home - down from 17% in 2024
* Top reasons cited for purchasing a multigenerational home:
- Take care of aging parents (41%)
- Cost savings (29%)
- Children over the age of 18 moving back home (27%)
All Sellers
* Median time in home before selling: 11 years - an all-time high
* Median distance moved: 30 miles - down from 35 miles last year
* 50% purchased a newer home
* 34% purchased a larger home
Use of Real Estate Agents
* 88% of all home buyers used an agent or broker
* 92% of buyers of previously owned homes relied on an agent or broker
* 91% of buyers would use their agent again or recommend them to others
* 91% of sellers used an agent - equal to the highest percentage on record
"Real estate agents remain indispensable in today's complex housing market," Lautz said. "Beyond guiding buyers and sellers through what is often the largest financial decision of their lives, agents provide critical expertise, negotiation skills, and emotional support during an increasingly challenging process."
Learn more and download highlights from the report at https://www.nar.realtor/research-and-statistics/research-reports/highlights-from-the-profile-of-home-buyers-and-sellers.
Methodology
In July 2025, NAR mailed out a 120-question survey to 173,250 recent home buyers, using a random sample weighted to be representative of sales on a geographic basis. The recent home buyers had to have purchased a primary residence home between July 2024 and June 2025. A total of 6,103 responses were received from primary residence buyers. After accounting for undeliverable questionnaires, the survey had an adjusted response rate of 3.5%. Data gathered in the report is based on primary residence home buyers. According to the REALTORS(R) Confidence Index, 84% of home buyers were purchasing as primary residences in 2024, accounting for 4,746,000 homes sold that year (among new and existing homes). Using that calculation, the sample at the 95% confidence level has a confidence interval of plus or minus 1.25%. The 2025 edition of NAR's Profile of Home Buyers and Sellers continues the longest-running series of national housing data evaluating the demographics, preferences and experiences of recent buyers and sellers. Results are representative of owner-occupants and do not include investors or vacation homes.
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About the National Association of REALTORS(R)
The National Association of REALTORS(R) is involved in all aspects of residential and commercial real estate. The term REALTOR(R) is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS(R) and subscribes to its strict Code of Ethics. For free consumer guides about navigating the homebuying and selling transaction processes - from written buyer agreements to negotiating compensation - visit facts.realtor.
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REPORTS: https://www.nar.realtor/sites/default/files/2025-11/2025-profile-of-home-buyers-and-sellers-highlights-11-04-2025.pdf
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Original text here: https://www.nar.realtor/newsroom/first-time-home-buyer-share-falls-to-historic-low-of-21-median-age-rises-to-40
[Category: Real Estate]
Banks Submit Recommendations on Treasury's Implementation of the GENIUS Act
WASHINGTON, Nov. 6 [Category: Financial Services] -- The Bank Policy Institute issued the following news release:
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Banks Submit Recommendations on Treasury's Implementation of the GENIUS Act
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Washington, D.C. - BPI, the American Bankers Association, 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
... Show Full Article
WASHINGTON, Nov. 6 [Category: Financial Services] -- The Bank Policy Institute issued the following news release:
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Banks Submit Recommendations on Treasury's Implementation of the GENIUS Act
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Washington, D.C. - BPI, the American Bankers Association, 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 developregulations that preserve the benefits of payment stablecoins for their intended use in payments and settlements, without causing undue risks for consumers, other stablecoin holders or users, competition, credit availability, illicit finance, or financial stability.
"The GENIUS Act is a major legislative achievement that, if implemented effectively, can strengthen America's financial competitiveness," the associations stated upon filing the letter. "We are confident that Treasury is carefully considering how to craft regulations that mitigate potential risks associated with these instruments while faithfully implementing Congress's intent that payment stablecoins function as payment instruments. We recognize the complexity of developing these rules and look forward to engaging with Treasury and the federal banking agencies throughout the rulemaking process."
The associations made several initial recommendations in their letter:
1. Implement Congress's intent to prohibit stablecoins from paying interest or yield. Congress broadly prohibited the payment of interest or yield by stablecoin issuers in GENIUS. That prohibition should be extended to digital asset service providers, such as exchanges and affiliates.
2. Prevent regulatory arbitrage. Same activity, same regulation. Treasury should consider federal, state, and foreign payment stablecoin regulatory regimes so that stablecoin issuers are held to the same rules required of any other financial institution engaged in equivalent activities.
3. Enforce strict illicit finance safeguards. Combatting illicit finance requires common standards that are strictly enforced. Treasury should hold all entities engaged in the same activities to the same standards, including stablecoin issuers, digital asset services providers, and banks.
4. Reaffirm the longstanding separation of banking and commerce. The U.S. has maintained a longstanding policy of separating banking and commercial activities to prevent the emergence of associated risks, including undue concentration of economic power. The GENIUS Act prohibition on payment stablecoin issuance by public or foreign companies not predominantly engaged in financial activities should be implemented in a manner that continues that policy.
5. Tighten safeguards to preserve trust and prevent conflicts of interest. Stablecoin issuers should provide clear disclosures, including regarding the reserves backing their stablecoins. They must also uphold the highest standards for custody and safekeeping to protect customers, maintain market integrity, foster confidence, and minimize conflicts of interest.
6. Apply consistent consumer protections. Stablecoin issuers and payment stablecoins must be subject to the same robust consumer protections applicable to other institutions and products that similarly facilitate payments and settlement.
7. Clarify statutory definitions. Help create common definitions and standards for what constitutes a "payment stablecoin," "digital asset service provider," "foreign payment stablecoin issuer," and other novel terminologies to mitigate the risk of regulatory arbitrage and evasion.
To access a copy of the associations' response, please click here.
About Bank Policy Institute
The Bank Policy Institute is a nonpartisan public policy, research and advocacy group that represents universal banks, regional banks and the major foreign banks doing business in the United States. The Institute produces academic research and analysis on regulatory and monetary policy topics, analyzes and comments on proposed regulations, and represents the financial services industry with respect to cybersecurity, fraud, and other information security issues.
About American Bankers Association
The American Bankers Association is the voice of the nation's $25 trillion banking industry, which is composed of small, regional and large banks that together employ approximately 2.1 million people, safeguard $19.7 trillion in deposits and extend $13.1 trillion in loans.
About Consumer Bankers Association
The Consumer Bankers Association represents America's leading retail banks. We promote policies to create a stronger industry and economy. Established in 1919, CBA's corporate member institutions account for 1.7 million jobs in America, extend roughly $4 trillion in consumer loans and provide $275 billion in small business loans annually. Follow us on X @consumerbankers.
About Financial Services Forum
The Financial Services Forum is an economic policy and advocacy organization whose members are the eight largest and most diversified financial institutions headquartered in the United States. Forum member institutions are a leading source of lending and investment in the United States and serve millions of consumers, businesses, investors, and communities throughout the country. The Forum promotes policies that support savings and investment, financial inclusion, deep and liquid capital markets, a competitive global marketplace, and a sound financial system.
About The Clearing House Association
The Clearing House Association L.L.C., the country's oldest banking trade association, is a nonpartisan organization that provides informed advocacy and thought leadership on critical payments-related issues. Its sister company, The Clearing House Payments Company L.L.C., owns and operates core payments system infrastructure in the U.S., clearing and settling more than $2 trillion each day.
Media Contacts
* Austin Anton, Bank Policy Institute, austin.anton@bpi.com
* Sarah Grano, American Bankers Association, sgrano@aba.com
* Billy Rielly, Consumer Bankers Association, brielly@consumerbankers.com
* Laura Peavey, Financial Services Forum, lpeavey@fsforum.com
* Greg MacSweeney, The Clearing House Association, gregory.macsweeney@theclearinghouse.org
***
Original text here: https://bpi.com/banks-submit-recommendations-on-treasurys-implementation-of-the-genius-act/
American Fintech Council Applauds Michigan Lawmakers for Seeking to Expand Access to Affordable Credit
WASHINGTON, Nov. 6 -- The American Fintech Council, an organization that says it promotes a transparent, inclusive, and customer-centric financial system, issued the following news release on Nov. 5, 2025:
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American Fintech Council (AFC) Applauds Michigan Lawmakers for Seeking to Expand Access to Affordable Credit
HB 5161 is a pragmatic step toward improving responsible credit access and protecting consumers across Michigan
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Lansing, MI - The American Fintech Council (AFC), the premier industry association representing responsible fintech companies and innovative banks, today announced
... Show Full Article
WASHINGTON, Nov. 6 -- The American Fintech Council, an organization that says it promotes a transparent, inclusive, and customer-centric financial system, issued the following news release on Nov. 5, 2025:
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American Fintech Council (AFC) Applauds Michigan Lawmakers for Seeking to Expand Access to Affordable Credit
HB 5161 is a pragmatic step toward improving responsible credit access and protecting consumers across Michigan
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Lansing, MI - The American Fintech Council (AFC), the premier industry association representing responsible fintech companies and innovative banks, today announcedits strong support for House Bill 5161 (HB 5161), which raises Michigan's interest rate cap on consumer credit from 25% to 36%. AFC commends Representative Curtis VanderWall for introducing the legislation, which will expand access to affordable credit for Michigan consumers while maintaining guardrails that protect against predatory, triple-digit interest rates.
"Michigan families deserve access to safe, affordable, and responsible credit when they need it most," said Phil Goldfeder, CEO of the American Fintech Council. "AFC was built on the foundation of responsible credit for communities long forgotten by traditional financial institutions. A 36% cap modernizes an outdated framework and ensures that hardworking families can borrow responsibly and build financial resilience without resorting to dangerous alternatives."
Michigan's current 25% cap restricts access to safe, regulated credit options for many working families, often pushing them toward unregulated or high-cost alternatives. By enacting HB 5161 and adopting a 36% cap, lawmakers would align Michigan with national best practices that balance affordability, access, and consumer protection. Responsible fintech lenders already operate successfully under similar standards in other states, helping millions of consumers pay off credit card debt, cover essential expenses, and build financial stability.
"The 36% interest rate cap strikes the right balance for Michigan families, both expanding access to credit while maintaining strong consumer safeguards," said Ashley Urisman, Director of State Government Affairs at the American Fintech Council. "It's a clear, evidence-based standard that reforms Michigan's credit framework and ensures responsible lenders can continue to safely serve consumers."
AFC looks forward to working with Michigan policymakers to advance HB 5161 and ensure all residents have access to safe, affordable, and transparent credit.
A standards-based organization, AFC is the premier trade association representing the largest financial technology (Fintech) companies and innovative banks offering embedded finance solutions. AFC's mission is to promote a transparent, inclusive, and customer-centric financial system by supporting responsible innovation in financial services and encouraging sound public policy. AFC members foster competition in consumer finance and pioneer products to better serve underserved consumer segments and geographies.
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Original text here: https://www.fintechcouncil.org/press-releases/american-fintech-council-afc-applauds-michigan-lawmakers-for-seeking-to-expand-access-to-affordable-credit
[Category: Financial Services]
A4A Statement as Government Shutdown Reaches New Record
WASHINGTON, Nov. 6 -- Airlines for America issued the following news on Nov. 5, 2025:
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A4A Statement as Government Shutdown Reaches New Record
Statement Attributed to A4A's President and CEO, Chris Sununu:
Today marks a disappointing milestone with the federal government shutdown hitting a record 36 days--the longest shutdown in our nation's history--and there's no end in sight. It is simply unacceptable that our air traffic controllers, TSA officers and CBP officers are working without pay or that the traveling public is having to stand in hours-long security lines and experience thousands
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WASHINGTON, Nov. 6 -- Airlines for America issued the following news on Nov. 5, 2025:
* * *
A4A Statement as Government Shutdown Reaches New Record
Statement Attributed to A4A's President and CEO, Chris Sununu:
Today marks a disappointing milestone with the federal government shutdown hitting a record 36 days--the longest shutdown in our nation's history--and there's no end in sight. It is simply unacceptable that our air traffic controllers, TSA officers and CBP officers are working without pay or that the traveling public is having to stand in hours-long security lines and experience thousandsof delayed or canceled flights.
Since the shutdown began, more than 3.4 million passengers have been impacted by delays and cancelations related to staffing shortages. Secretary Duffy has cautioned that the situation will only get worse as we get closer to Thanksgiving. Vice President Vance issued a stark warning that holiday travel could be a "disaster" for travelers unless the government reopens soon.
We are expecting to see a record-high number of travelers fly over the Thanksgiving holiday--31 million. U.S. airlines are adding 45,000 more seats each day to meet that historic demand, and we will continue to work with the FAA to identify solutions, implement workarounds and prevent massive gridlock, while ensuring that safety is not compromised.
The quickest and simplest way to reopen the government is for Congress to pass a clean resolution (CR) that pays our essential aviation safety and security personnel while they continue to work on a long-term funding agreement. We cannot live shutdown to shutdown, whether it be the millions of SNAP recipients, our dedicated service members or the federal employees on the frontlines of our nation's aviation system. Keeping America open should be a patriotic duty, not a partisan divide on Capitol Hill.
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Original text here: https://www.airlines.org/news-update/a4a-statement-as-government-shutdown-reaches-new-record/
[Category: Transportation]
