Policy

ABA-Backed Reg Reform Bill Clears Senate Committee

The regulatory reform bill introduced by Senate Banking Committee Chairman Richard Shelby (R-Ala.) was approved by the committee today. The ABA-supported bill would provide regulatory relief for community, mid-size and regional banks, tailor the regulatory structure for systemically important banks and begin restructuring within the Federal Reserve System and at Fannie Mae and Freddie Mac.

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State Associations Welcome Shelby’s Reg Reform Bill

All 53 state bankers associations yesterday expressed their support for the financial regulatory reform proposal offered by Senate Banking Committee Chairman Richard Shelby (R-Ala.). The bill is set to be considered by the committee later today.

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Sen. Perdue Introduces Bill to Increase Oversight of CFPB

Sen. David Perdue (R-Ga.) yesterday introduced a bill that would subject the Consumer Financial Protection Bureau to the congressional appropriations process, extending Congress’ oversight of the agency. The CFPB is currently funded directly by the Federal Reserve.

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ABA Expresses Support for Shelby Reg Reform Bill

ABA’s officers today expressed its support for the financial regulatory reform proposal offered by Senate Banking Committee Chairman Richard Shelby (R-Ala.). The bill, which incorporates several elements of ABA’s Agenda for America’s Hometown Banks, is set to be considered by the committee on Thursday.

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Senate Democrats Unveil Competing Regulatory Relief Bill

Democratic members of the Senate Banking Committee today released a much narrower regulatory relief bill offered as an alternative to the sweeping bill by committee Chairman Richard Shelby (R-Ala.). Shelby’s bill is set to be considered by the committee on Thursday.

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ABA, Trade Groups Send Letter on Shelby Reg Relief Proposal

ABA and other trade groups sent a letter to the committee on Friday thanking Senate Banking Committee Chairman Richard Shelby (R-Ala.) for drafting his regulatory relief proposal, describing it as an “important step toward addressing the statutory and regulatory obstacles that stymie banks and credit unions from more fully serving the diverse financial needs of American consumers.”

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