Compliance

Mnuchin Underscores Tailored Regulatory Approach

Testifying before the House Financial Services Committee today, Treasury Secretary Steven Mnuchin outlined his recommendations for financial reform, including tailoring capital requirements, reducing regulatory overlap, remedying the Volcker Rule and making the Consumer Financial Protection Bureau more accountable.

Read More »

House Votes to Overturn Arbitration Rule

House lawmakers today voted to overturn the Consumer Financial Protection Bureau’s controversial final arbitration rule by a vote of 231 to 190, exercising their authority under the Congressional Review Act to reject new federal regulations within 60 legislative days of publication in the Federal Register.

Read More »

Nichols Emphasizes ‘Common-Sense’ Reg Reforms in New York Times

In a New York Times letter today responding to exaggerated claims about bankers’ regulatory relief efforts, ABA President and CEO Rob Nichols made clear that the policy changes bankers are seeking are “common-sense reforms that can ease the regulatory burden responsibly and allow banks of all sizes to better serve their customers and communities.”

Read More »