Tag Archives: tailored regulation

ABA Welcomes Call Report Changes, Urges More Streamlining

While welcoming the banking agencies’ proposed streamlining of the Call Report for banks with less than $1 billion in assets and no foreign offices, ABA today urged regulators to do more to reduce the sources of burden that banks face when filing the report.

Read More »

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.

Read More »

ABA Thanks House Committee for Tackling Reg Reform

As the House Financial Services Committee prepares to consider Chairman Jeb Hensarling’s Financial Choice Act tomorrow, ABA this afternoon sent a memo thanking Hensarling for putting forth the bill, which would roll back the Dodd-Frank Act’s extensive supervisory regime and provide regulatory relief for banks of all sizes.

Read More »

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.

Read More »

CFPB Responds to Senate Letter on Tailored Regs

Consumer Financial Protection Bureau Director Richard Cordray replied Wednesday to a letter spearheaded by Senate Banking Committee members Joe Donnelly (D-Ind.) and Ben Sasse (R-Neb.) that urged the bureau to exempt community banks and credit unions from certain regulations. The letter, cosigned by a bipartisan group of 70 senators, had cited a provision of the Dodd-Frank Act allowing the bureau ...

Read More »

State Associations Call on Senators to Support TAILOR Act

All 52 state associations wrote to senators today urging them to co-sponsor the TAILOR Act, which would direct financial regulators to tailor regulatory actions based on the sizes, business models, risk profiles and other differentiating characteristics of the institutions they supervise.

Read More »