‘Action Update’ Shows Progress on Policy Priorities

ABA advocacy helped generate more than 500 banker comment letters to the National Credit Union Administration on its business lending proposal, secure a delay in the implementation of the TILA-RESPA mortgage disclosures, and place several member bankers on the Fed’s new payments task forces. These and other ABA advocacy initiatives, part of ABA’s Agenda for America’s Hometown Banks, are included in ABA’s latest ‘Action Update.’

Other highlights in the Action Update include the ABA/state association-backed tailored regulation bill introduced by Rep. Scott Tipton (R-Colo.), which now has 22 sponsors; the FCC’s approval of ABA’s petition to exempt certain alerts from Telephone Consumer Protection Act limitations; and the status of several regulatory relief bills, many of which have cleared the House and been passed by the Senate Banking Committee.