Three Banks Added to ABAQ Index

The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Hawaii affected by low-weather systems.

The OCC is proposing to rescind regulatory language tied to diversity efforts and credit risk retention as part of President Trump’s Department of Government Efficiency initiative.

The Treasury Department announced it has begun a review of certified community development financial institutions to identify potential legal violations or violations of CDFI requirements.

A decade after its release, the current expected credit loss methodology has delivered added costs without corresponding benefits for community banks.

A recent proposal by the Federal Reserve to remove reputation risk from its bank supervision will enhance objectivity and allow the central bank to focus resources on material risks to the financial condition of a firm, ABA said.

The Senate Banking Committee is scheduled to vote on Wednesday to advance the nomination of Kevin Warsh to be Federal Reserve chairman, with a key Republican committee member having dropped his opposition to the vote.