ABA staff recently met with officials at the Treasury Department, which is in the process of issuing recommendations related to capital markets regulatory reform in response to President Trump’s executive order on core principles for financial regulation.

As the Department of Education conducts the regulatory review mandated by President Trump, ABA and the Consumer Bankers Association yesterday urged the department to revisit the overly expansive final rule targeting campus bank accounts that the Obama administration finalized in October 2015.

ABA today urged the OCC to work with other federal agencies in fixing the Volcker Rule, improving its efficacy and aligning it more closely with the objectives of the statute in the Dodd-Frank Act.

The Consumer Financial Protection Bureau on Friday released a small entity compliance guide on the bureau’s final rule drastically constricting the use of mandatory arbitration agreements in consumer financial contracts.

Deputy Attorney General Rod Rosenstein today signaled that the Department of Justice is reviewing a policy announced under the Obama administration that sought to increase prosecutions of individuals in corporate wrongdoing cases.

ABA today expressed support for the Home Mortgage Disclosure Adjustments Act (H.R. 2954), which would relieve smaller financial institutions from intrusive and ill-suited data reporting requirements.

As the Consumer Financial Protection Bureau prepares to implement Section 1071 of the Dodd-Frank Act -- which calls for the bureau to collect data on women-owned, minority-owned and small businesses -- ABA expressed concern today that the data collection will prove unable to fulfill its statutory objectives of providing insight on fair lending and community development needs.

The Treasury Department’s Office of Foreign Assets Control today announced sanctions against 11 entities and individuals for support of previously sanctioned Iranian actors and for malicious cyber-crime, including a series of distributed denial of service attacks against U.S. financial institutions.

The federal regulatory agencies today proposed amendments to their respective Community Reinvestment Act regulations to address recent changes to Regulation C, which implements the Home Mortgage Disclosure Act.

On Thursday, ABA staff met with senior Treasury Department officials to provide recommendations for modernizing the Community Reinvestment Act.