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ABA: The American Bankers Association
Statement
  • For Immediate Release
  • July 31, 2026

ABA Statement on Federal Reserve Modernization of Mutual Banking Regulations

“We welcome the Fed’s new proposal to significantly update the mutual bank regulatory framework, which is a significant and long overdue step to ensure that these unique institutions can continue to thrive and remain competitive in our banking system. For years, ABA has urged the Fed to ensure that mutual banks have access to an expanded range of capital options that will enable them to grow and to better serve their customers and communities, and we appreciate Gov. Bowman’s leadership in recognizing these concerns and driving these important changes forward. We look forward to reviewing the proposal in full with our members and providing our feedback in the comment process.”

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $26.1 trillion banking industry, which is composed of small, regional and large banks that together employ over 2 million people, safeguard $20.5 trillion in deposits and extend $13.7 trillion in loans.

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