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ABA: The American Bankers Association
Statement
  • For Immediate Release
  • June 6, 2025

ABA Statement on Federal Reserve Vice Chair for Supervision Michelle Bowman Remarks on Supervision and Regulation

“We welcome today's speech by incoming Fed Vice Chair for Supervision Michelle Bowman outlining the need for a fresh, pragmatic approach to bank supervision and regulation. Vice Chair Bowman spelled out a number of important priorities as she takes on this new role. In particular, we appreciate her strong commitment to regulatory tailoring, including the idea of indexing asset thresholds, and to ensuring that capital requirements are appropriately calibrated for banks of all sizes. We're also encouraged to hear of forthcoming action by the Fed and other regulators to address the significant and growing threat of check fraud. ABA has been keenly focused on the fraud challenge, and we look forward to working with Vice Chair Bowman and other policymakers to advance solutions that will protect consumers and our financial system.”

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $24.5 trillion banking industry, which is composed of small, regional and large banks that together employ approximately 2.1 million people, safeguard $19.5 trillion in deposits and extend $12.8 trillion in loans.

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