House advances ABA-backed bill to ease Section 1071 reporting burden
The House Financial Services Committee voted 26-22 to advance legislation to exempt certain lenders from small-business lending data reporting requirements.
Weekly Infobyte: Hacking, Phishing and Skimming Increasingly Sources of Data Breaches
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CFPB finalizes rule to revise fair lending enforcement
The CFPB will issue a final rule to remove disparate impact from enforcement of the Equal Credit Opportunity Act, clarify the prohibition on discouraging prospective applicants, and establish new limits on special-purpose credit programs offered by lenders.
Banking groups seek more time for public input on Genius Act implementation
ABA joined three banking sector associations in requesting that the Treasury Department and FDIC tie the public comment period for three proposed rules to implement the Genius Act to the issuance of a final rule on the matter...
Bank acquisitions announced in three states
Peoples in Ohio to acquire Kentucky bank; proposed acquisitions announced of banks in Georgia and Kansas.
FDIC issues relief guidance for Washington state banks affected by storms, flooding
The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Washington state affected by severe weather.
Fed’s Waller calls for streamlining central bank operations
Federal Reserve Governor Christopher Waller proposed that the central bank consolidate core functions such as human resources and IT across the 12 Reserve Banks instead of each bank being responsible for its own operations.
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