Policy

ABA, ICBA Oppose Back-Door Increase in CU Business Lending

ABA and the Independent Community Bankers of America wrote to the House Appropriations Committee on Friday opposing the use of the congressional spending process as a back door for a credit union-backed provision to further expand their member business lending privileges.

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Senate Panel Passes Patent Reform Bill

By a bipartisan 16-4 vote, the Senate Judiciary Committee today approved the PATENT Act (S. 1137), which would seek to reduce abuse of the patent system through vaguely worded demand letters sent to businesses by patent trolls.

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Fed’s Fischer Defends Post-Crisis Regulations

Warning against “the mistake of believing that we have put an end to financial crises” at the International Monetary Conference in Toronto today, Federal Reserve Vice Chairman Stanley Fischer defended the international post-financial crisis regulatory regime as necessary to prevent similar crises in the future.

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Agencies Begin Third Phase of Expanded EGRPRA Review

The Federal Reserve, FDIC and OCC on Friday launched the third round of comments in the decennial Economic Growth and Regulatory Paperwork Reduction Act review cycle, which is mandated by Congress in order to identify bank regulations that are outdated, unnecessary or burdensome.

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