Policy

Studies: Obama-Era Rules May Hinder Growth and Harm Competition

The first broad-scale academic assessment of new financial rules and standards put in place during the Obama presidency -- including the Dodd-Frank Act, Basel III and the CARD Act -- finds “causes for concern” about the impact of the rules on growth, credit availability and competition.

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Report: Trump ‘Very Close’ to Fed Nominations

President Trump is “very close” to nominating a Federal Reserve vice chairman for supervision and another governor to fill a designated seat for an individual with community bank expertise, according to Treasury Secretary Steven Mnuchin, who was interviewed with Trump by the Wall Street Journal.

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ABA Urges Treasury, Regulators to Fix Capital Rule Problems

As part of the banking industry’s continuing response to President Trump’s executive order outlining “core principles” for financial regulation, ABA provided recommendations to the Treasury Department today on areas where the bank capital framework can be improved.

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Lawmakers Introduce ABA-Backed Bills Targeting PACE Loans

Sens. Tom Cotton (R-Ark.), Marco Rubio (R-Fla.) and John Boozman (R-Ark.) and Reps. Brad Sherman (D-Calif.) and Ed Royce (R-Calif.) today introduced ABA-supported legislation requiring more consumer disclosures for Property Assessed Clean Energy loans, a controversial financial product that allows homeowners to pay for energy-efficient retrofitting -- such as solar panels and high-efficiency air conditioners -- through their property tax assessments.

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