Tag Archives: regulatory burden

Fed’s Powell: Some Post-Crisis Regs ‘Unnecessarily Burdensome’

Noting that the U.S. financial system is “without a doubt far stronger” than it was before the crisis, Federal Reserve Governor Jerome Powell said today that the collective weight of post-financial crisis rules are too complex and that some of them are burdensome and may not be needed at all -- especially in a context of sluggish productivity and GDP growth that calls for banks to “devote as much of their resources as possible to supporting economic growth.”

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Hensarling’s Choice Act Includes Key ABA Priorities

House Financial Services Committee Chairman Jeb Hensarling (R-Texas) today released the latest legislative text of his Financial Choice Act, a 600-page bill aimed at rolling back and reforming parts of the Dodd-Frank Act’s extensive supervisory regime, as well as providing regulatory relief for banks of all sizes.

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CFPB Proposes Corrections to HMDA Final Rule

Following outreach to industry stakeholders -- including ABA -- the Consumer Financial Protection Bureau today proposed a number of technical corrections and clarifications to the data lenders are required to collect and report under the final Home Mortgage Disclosure Act Rule (Regulation C).

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Regulators Discuss Potential HVCRE, Appraisal Changes

Regulatory staff from the OCC, FDIC and the Federal Reserve Board discussed a number of regulatory issues pertaining to commercial real estate during the American Bankers Association’s Real Estate Lending Conference last week in Orlando, Fla.

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Cordray Previews Regulatory Review

As it kicks off its five-year retrospective review of the Dodd-Frank remittance and mortgage rules, the Consumer Financial Protection Bureau is “sensitive” to the compliance burden of further changes to the rules, CFPB Director Richard Cordray said today.

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ABA Survey: Non-QM Lending Fell in 2016 as Banks Grapple with Reg Burden

An overwhelming 95 percent of bankers agreed that regulation has had a negative impact on business production and consumer credit availability, according to the American Bankers Association’s Real Estate Lending Survey released today during the association’s annual Real Estate Lending Conference in Orlando, Fla.

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