Policy

ABA Highlights Concerns on Basel Credit Risk Proposal

In a comment letter today to the Basel Committee on Banking Supervision, ABA expressed concerns about the committee’s proposals to revise its methodology for the standardized approach to credit risk and to impose constraints on risk-weighted asset calculations in the internal ratings-based approaches to credit risk based on the risk weights of the standardized approach.

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ABA: Proposed Arbitration Rule Not in Public Interest

ABA and other trade groups today urged the Consumer Financial Protection Bureau not to move forward with its proposed rule on arbitration, arguing that the rule is not in the public interest, does not protect consumers, and is inconsistent with the bureau’s own study of arbitration of consumer financial products and services.

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CFPB Responds to Senate Letter on Tailored Regs

Consumer Financial Protection Bureau Director Richard Cordray replied Wednesday to a letter spearheaded by Senate Banking Committee members Joe Donnelly (D-Ind.) and Ben Sasse (R-Neb.) that urged the bureau to exempt community banks and credit unions from certain regulations. The letter, cosigned by a bipartisan group of 70 senators, had cited a provision of the Dodd-Frank Act allowing the bureau ...

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ABA Welcomes CFPB Move on Privacy Notices

ABA and several other trade groups today welcomed the Consumer Financial Protection Bureau’s move to implement recent legislation providing banks an exemption from sending an annual privacy notice provided they meet certain requirements.

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Building a Lawmaker Relationship

Texas banker Mike Mauldin gets to know his representatives by providing expertise to congressional staff, participating in fundraising and having an open door policy.

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ABA: NSFR Is Unnecessary, Structurally Flawed

The proposed Net Stable Funding Ratio -- a long-term liquidity measurement included in the Basel III liquidity standards -- is structurally flawed and unnecessary for U.S. financial stability, ABA told the federal banking agencies in a comment letter today.

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