Nichols: ABA won’t ‘sit idly by’ if regulators overstep their authority
While ABA is engaging with banking regulators in constructive ways, it is also pushing back against a range of rulemakings ...
Tag: Regulatory burden
Bowman: Fed not interested in dictating business strategy for banks
The Federal Reserve’s role as a banking supervisor is not to replace a bank's management and board of directors in ...
FirstBank’s Reuter sees role for Congress in boosting bank industry
Banks are a source of strength for the U.S. economy, but Congress could do more to support the industry through ...
CFPB proposes to overturn longstanding credit card late fee safe harbor
The Consumer Financial Protection Bureau this week announced it would seek to curb what it called “excessive credit card late ...
Proposed rule would require verification system for Treasury checks
The U.S. Treasury Department this week proposed a new requirement that financial institutions use the Treasury Check Verification System, or ...
Corporate climate disclosure bill reintroduced in California Legislature
Legislation that would require corporations to report their greenhouse gas emissions has been reintroduced in the California State Senate, with ...
ABA, trade groups: CFPB must seek small bank input on credit card fee rule
The Consumer Financial Protection Bureau is required by law to seek input from community banks and credit unions before moving ...
Hsu: Divestiture best solution for banks ‘too large to manage’
The most effective way to successfully fix issues at a bank that is “too large to manage” is to simplify ...
ABA urges Labor Department to reconsider QPAM proposal
The American Bankers Association this week reiterated concerns about proposed amendments to Prohibited Transaction Exemption 84-14, known as the Qualified ...
FTC proposes ban on noncompete clauses
The Federal Trade Commission this week proposed a new rule to ban the use of noncompete clauses in employee contracts.
