Tag Archives: regulatory burden

Shelby’s Sweeping Financial Reform Bill Would Advance ABA Goals

Senate Banking Committee Chairman Richard Shelby (R-Ala.) today released a draft of a sweeping financial reform bill that would provide regulatory relief for banks of all sizes, 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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Fed’s Tarullo Highlights ABA Proposal for Regulatory Relief

Speaking at an industry event in Washington, D.C., today, Federal Reserve Governor Daniel Tarullo floated an idea originated by ABA and the state bankers associations to relieve compliance burdens associated with capital rules. “One idea I have heard is to allow smaller community banks to opt into a simpler set of risk-weighted capital requirements in exchange for a higher minimum ...

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ABA Action Update Covers First Four Months of New Congress

In the first four months of the 114th Congress, 28 ABA-supported bills have been introduced, ABA bankers and staff have testified before Congress four times, the Federal Reserve finalized an ABA-advocated rule change helping smaller banks and ABA Chairman John Ikard participated in President Obama’s cybersecurity summit.

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ABA Seeks Letters to Congress on Pending Legislation

ABA is asking bankers to write their senators and representatives to enlist their support for several bipartisan bills introduced in recent weeks as part of ABA’s Agenda for America’s Hometown Banks: ​Data security. This alert urges senators to co-sponsor S. 921, which would strengthen data security standards for all players and recognize the high standards already employed by the banking ...

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