ABA Applauds Proposed Botnet Legislation

Financial institutions are legally required to share sensitive, proprietary and nonpublic information with their regulators as part of the supervisory process. This information can range from capital and liquidity management to cybersecurity protocols. Centralizing large amounts of data,...

Acting Comptroller of the Currency Rodney Hood strongly affirmed the OCC’s continued support for federal preemption of state laws for national banks and federal thrifts, defending preemption as both lawful and pro-competitive.

A former state bank supervisor and community bank executive, Bowman has been a Fed governor since 2018. She has spoken at every ABA Conference for Community Bankers since her arrival at the Fed.

Consumer credit increased at a seasonally adjusted annual rate of 4.3% in April, the Federal Reserve reported.

Job growth surprised to the upside in the May BLS employment report, with total payrolls rising by 139,000 and the unemployment rate remaining steady at 4.2%.

Bowman called for a reemphasis on regulatory tailoring, a rethinking of capital requirements, a review of many regulations enacted in recent years, and a streamlining of the review process for de novo and bank merger applications.