Rep. Randy Neugebauer (R-Texas) announced yesterday that he will not seek reelection in 2016, retiring after seven terms in the House. The chairman of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit, Neugebauer has introduced and sponsored numerous ABA-backed bills over the years on data security, CFPB reform, insurance producer licensing, terrorism risk insurance and other subjects.
The CFPB proposed a new rule to expand existing federal protections for consumer data to certain activities by data brokers.
The new Q&As cover key implementation topics such as the use of the digital sign and placement of the official sign in bank branches, the agency said.
The top lawmakers on the House Financial Services Committee introduced a bill that would direct regulators to study the potential benefits and risks of AI in the financial and housing markets and propose possible regulations.
ABA has added six banks to the ABA NASDAQ Community Bank Index. The index includes 248 community banks with $240.4 billion in market capitalization.
The Financial Stability Board recently released its 2024 list of global systemically important banks. The list identifies 29 G-SIBs, the same as last year.
The Basel Committee on Banking Supervision unanimously reaffirmed their expectation that participating countries implement all aspects of the Basel III framework in full, “consistently and as soon as possible."
