Newsbytes

ABA, Groups Question Basis for Proposal Affecting Campus Banking

A proposed rule from the Department of Education regulating Title IV student aid credit balances includes provisions regulating campus bank accounts that may harm the students who benefit from these accounts, ABA and two other financial trade groups said in a comment letter on Thursday.

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Keating Discusses Greek Debt Crisis with Fox’s Cavuto

ABA President and CEO Frank Keating appeared on Neil Cavuto's Fox Business program yesterday to discuss the debt crisis in Greece, which has seen capital controls imposed, banks closed for nearly a week, depositors limited to €60 in daily withdrawals and rumors of haircuts on uninsured deposits.

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ABA’s Johnson to Testify on Hill Tomorrow

ABA SVP Doug Johnson will testify tomorrow before a Senate Judiciary subcommittee hearing on cyber crime and the legal framework for information security. The Senate Banking Committee will meet tomorrow to discuss the role of the Basel, Switzerland-based Financial Stability Board in U.S. bank regulation. Meanwhile, the House Financial Services Committee will hold several bank-related hearings this week. Tomorrow, the panel will discuss the designation and regulation of systemically important bank holding companies; former ABA Chairman Harris Simmons, chairman and CEO of Zions Bancorporation in Salt Lake City, will testify. On Thursday, the House panel will also hold a five-year retrospective on Dodd-Frank. The House Judiciary Committee will meet on Thursday to examine financial institution bankruptcy.

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ABA Fields More Than 600 Media Calls in Second Quarter

In the second quarter, ABA spokespeople fielded 640 media calls and the association appeared in 481 news stories, according to the ABA Public Relations Quarterly Report. The top issues included legislation like the ABA-backed regulatory relief bill, mortgage lending, data security, ABA’s delinquency bulletin and regulation. ABA represented the banking industry in 10 radio or television interviews, including appearances on ...

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ABA’s Abernathy Comments on Regulatory ‘Kudzu’

The Consumer Financial Protection Bureau’s reach is spreading and threatening to choke consumers’ access to small-dollar loans, ABA EVP Wayne Abernathy said in an opinion piece published in The Washington Times last week. “Much like planting kudzu in a rose garden, the unchecked spread of the consumer bureau threatens to smother when it tries to protect,” Abernathy wrote. He noted ...

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GAO: Bank Regulators Need Better Cyber Data Analytics

Bank regulators should collect and analyze data from IT exams across institutions to better identify trends and target reviews, the Government Accountability Office said in a report Thursday. The report found that while each regulator collects some information, they do not have standardized methods for collecting data that would help them readily analyze trends. It also noted that while regulators ...

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