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.
FDIC tables proposals concerning regulatory review of bank control
The FDIC Board today two resolutions concerning bank control after both failed to gain majority support, with their sponsors promising...