Policy

Idaho Banker: High Time for GSE Reform

Testifying before the Senate Banking Committee today on behalf of ABA, banker Brenda Hughes called for Congress to move ahead with housing finance reform that provides liquidity for the house market and maintains access for community banks.

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OCC’s Noreika Embraces Fintech Charter

In a long-awaited speech today, Acting Comptroller of the Currency Keith Noreika embraced the OCC’s plans to issue special purpose national bank charters to fintech companies and emphasized that the plan upholds high bank-like standards and offers a level playing field.

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ABA Outlines Tax Reform Priorities in Letter to Sen. Hatch

As tax reform discussions continue on Capitol Hill and with legislation potentially moving in the coming months, ABA President and CEO Rob Nichols today shared the association’s views on tax reform in a letter to Senate Finance Committee Chairman Orrin Hatch (R-Utah).

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Yellen Opens Door to Reforms of Enhanced Leverage Ratio

Testifying before the Senate Banking Committee today, Federal Reserve Chairman Janet Yellen acknowledged that aspects of the agency’s enhanced supplementary leverage ratio “may be having unintended adverse consequences” and said the Fed is looking into changes.

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Bipartisan Group of Lawmakers Calls for Better Exam Coordination

In a letter to Treasury Secretary Steven Mnuchin yesterday, a group of bipartisan lawmakers urged Treasury to prioritize policy changes that would increase coordination between regulatory agencies conducting bank examinations to help reduce the compliance burden on financial institutions.

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