Fed’s Bowman urges targeted regulatory response to bank closures
The unique nature and business models of the banks that recently failed do not justify imposing new, overly complex regulatory...
Policy
Watchdog office faults FDIC bank exam oversight
FDIC bank examinations are not always effective in identifying risks to customers and banks that participate in government-guaranteed loan programs,...
FDIC announces details of deposit insurance special assessment
The FDIC board voted 3-2 to propose a special assessment to make up for losses to the Deposit Insurance Fund...
Members of Congress express ‘serious concerns’ with SBA’s 7(a) rules
In a House Small Business Committee hearing, members of both parties expressed concerns with the Small Business Administration’s decision to...
ABA, state associations urge passage of SAFE Act
Ahead of a hearing on the SAFE Banking Act in the Senate Banking Committee this week, ABA and 51 state...
CFPB warns banks against reopening deposit accounts without permission
The CFPB issued a circular stating that a bank may violate federal law if it unilaterally reopens a deposit account...
FHFA rescinds ABA-opposed DTI ratio-based fee
Following advocacy from ABA noting the operational challenges associated with it, the Federal Housing Finance Agency announced that it is...
California regulator faults self, technology for SVB closure
State and federal banking regulators did not take steps to ensure that Silicon Valley Bank more quickly address problems identified...
ABA, associations: SEC rule would harm investors, financial markets
The SEC’s proposed safeguarding advisory client assets rule would significantly harm investors and financial markets and exceeds the commission’s regulatory...
Nichols: Regulators should monitor possible bank stock manipulation
In an interview on Yahoo Finance, ABA President and CEO Rob Nichols reiterated the association’s recent call for the Securities...
