Jump to Content
close
close
ABA: The American Bankers Association
Statement
  • For Immediate Release
  • May 7, 2025

ABA Applauds Senate Disapproval of OCC’s Final Rule on Bank Mergers

“ABA has long believed that bank mergers should be subject to clear and transparent standards, and that regulators should act in a timely and fair manner when considering applications. Unfortunately, the final rule the OCC approved last September created unhelpful and biased new standards — including arbitrary asset thresholds — without providing the clarity and predictability that banks and their customers need.

“We applaud today’s Senate passage of the Congressional Review Act resolution nullifying the OCC’s merger rule and thank Sen. Kennedy for his leadership on this important issue. We now urge the House to quickly pass the companion resolution introduced by Rep. Andy Barr so regulators can correct this flawed rule and establish a new framework that reflects today's financial services landscape and promotes competition that strengthens our financial system.”

###

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.

Press Contact

Josh Britton

(202) 663-7553

Contact Josh
Useful Links

Resources for the Media

Media Contacts

All inquiries from the press can be directed to one of our press contacts.

ABA Expert Photos

Hi-Res photos for use by the press.

ABA Media Appearances

Getting the industry's message out – in print and on the air – about banks' health and lending, as well as policies that are harmful to economic recovery.

Media Credentials

Complimentary press registrations are available for select events.

Join Our Media Lists

Want to be added to our news release list? Sign up here.

RSS Feed

Get ABA press releases via RSS.