Policy

ABA: Regulations Should Be Tailored Based on Risk, Business Model

Regulations based on asset size are “inappropriate and needlessly burdensome” for many banks with non-complex business models, and ultimately lead to higher costs and fewer choices for consumers, ABA said in written testimony submitted for a Senate Banking Committee hearing on regulatory relief for midsize and regional banks today.

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ABA, State Associations Call on HUD to Clarify Disparate Impact

Responding to a request by the Department of Housing and Urban Development for suggestions of outdated or ineffective regulations, ABA and state bankers associations in all 50 states today called for changes to HUD’s rule implementing the Fair Housing Act discriminatory effects standard, calling the rule “outdated and legally wrong.”

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Fed Outlines Plans for Swollen Balance Sheet

In addition to the rate hike announced today, the Federal Open Market Committee released a policy statement explaining how it plans to reduce the Fed's balance sheet, which is swollen with securities purchased as part of the quantitative easing programs between 2008 and 2014.

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In Advance of Committee Vote, ABA Shares Views on Flood Insurance Bills

While ABA supports the broader legislative effort to reauthorize the National Flood Insurance Program and several specific bills, the association today expressed “grave concerns” over certain provisions in the legislative package that the House Financial Services Committee is set to vote on starting tomorrow.

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