Tag Archives: Dodd-Frank

Hensarling’s Choice Act Clears Committee with Durbin Repeal Intact

The House Financial Services Committee today approved the Financial Choice Act, a major regulatory reform bill introduced by committee chairman Jeb Hensarling (R-Texas). It passed by a vote of 30 to 26, with no Democrats voting in favor and one Republican, Bruce Poliquin of Maine, voting against as well.

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Nichols Tackles Myths About Reg Burden in Politico Op-Ed

In the wake of prominent assertions that Dodd-Frank has had little to no negative effect on community banks and that community banks are better-off than ever, ABA President and CEO Rob Nichols penned an op-ed in Politico today emphasizing that Dodd-Frank and the cumulative regulatory burden are indeed driving community bank consolidation and limiting new bank startups.

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FDIC Insurance Fund Reaches Critical Milestone

According to the Quarterly Banking Profile released today, the FDIC’s deposit insurance fund has grown to 1.17 percent of insured deposits in June, up from 1.13 percent in March. With this increase, the fund surpassed a target of 1.15 percent to trigger important changes in the FDIC assessments for all banks.

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Nichols Provides Thorough Response to Flawed White House Report

In a letter yesterday to Jason Furman, chairman of the President’s Council of Economic Advisers, ABA President and CEO Rob Nichols provided a more detailed response to claims in a CEA report that that the Dodd-Frank Act and other regulations have had little to no effect on community bank consolidation.

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