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.

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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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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.

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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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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 ...

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