House to Vote on Three ABA-Backed Bills This Week

The full House is scheduled to vote this week on three ABA-advocated bills. The bipartisan bills would equalize the SEC registration and de-registration thresholds for savings and loan holding companies (H.R. 1334), require regulators to conduct a study of Basel III’s effect on mortgage servicing assets (H.R. 1408) and modifying escrow requirements for banks with less than $10 billion in assets (H.R. 1529).

Meanwhile, Fed Chairman Janet Yellen hits Capitol Hill this week, delivering her semiannual monetary policy report to the House Financial Services Committee on Wednesday and to the Senate Banking Committee on Thursday. The House panel will hold a hearing tomorrow to discuss transparency and accountability at the Fed. CFPB Director Richard Cordray will give his semiannual report to the Senate committee on Wednesday.