Policy

GAO: Fed Officials, Bankers Concerned About Dividend Cut

A Government Accountability Office report on Friday found that although the 2015 highway bill's reduction in the dividend rate for Federal Reserve member banks with assets of more than $10 billion has had little short-term effect on Federal Reserve membership and bank operations, concerns arise for the future.

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ABA Advocates for Changes to 2018 Farm Bill

At a Senate Agriculture Committee field hearing in Kansas today, ABA highlighted the critical role that the nation’s banks play providing credit to farmers and ranchers, and advocated for changes to the upcoming 2018 Farm Bill that would take into account the rising costs of agriculture.

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Fed, OCC Issue Transition Period Guidance on Variation Margin

As the ABA Securities Association and other trade groups have urged, the Federal Reserve and the OCC today issued guidance on how examiners will review compliance with the requirement for when swap dealers and major swap participants must exchange variation margin for swaps not cleared through a central counterparty.

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Full Circuit Court to Hear Appeal of CFPB Structure Case

The full D.C. Circuit Court of Appeals today agreed to hear the appeal in PHH Mortgage v. Consumer Financial Protection Bureau, a closely watched case over whether the CFPB’s leadership structure -- a single powerful director who cannot be removed at will by the president -- is constitutional.

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