In a bipartisan 245-169 vote, the House last night voted to pass the American Bankers Association-backed H.R. 4296. Introduced by Rep. Blaine Luetkemeyer (R-Mo.), the bill would prohibit the establishment of operational risk capital requirements based on a number of factors.
Consumer sentiment holds steady in May
The University of Michigan Consumer Sentiment Index neither rose nor fell in May compared to the month prior, holding at 52.2, according to final results for the month.