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Home ABA Banking Journal Podcast

Podcast: Opportunities in the Congressional Review Act, the ‘other CRA’

December 12, 2024
Reading Time: 1 min read
GOP House Financial Services subcommittee rosters announced

The rarely used Congressional Review Act provides an opportunity for Congress and the president to overturn regulatory rulemakings — and the GOP trifecta in 2025 will bring new regulations up for review. On the latest episode of the ABA Banking Journal Podcast — sponsored by TransUnion — ABA experts Kirsten Sutton and Ginny O’Neill break down details about CRA that bankers need to know:

  • Which rulemakings are subject to CRA disapproval resolutions — in financial services, principally Section 1033 and the newly finalized overdraft rule.
  • How the GOP Congress might prioritize regulatory actions for CRA resolutions.
  • The limitations on CRA and why, as Sutton says, “this is not a magic wand situation where Congress can just step in and CRA everything that we have a problem with.”

This episode is presented by TransUnion.

  • If you can’t see the audio player above, click here to listen to this week’s episode.

In this episode:

Ginny O’Neill
EVP, Regulatory Compliance and Policy
ABA
Kirsten Sutton
EVP, Congressional Relations and Political Affairs
ABA

 

Tags: ABA Banking Journal PodcastAdvocacyCongressCustomer data accessOverdraft protectionRegulatory burden
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