Author Archives: Monica C. Meinert

ABA Urges CFPB to Consider Cost, Burden of Civil Investigative Demands

In a comment letter to the Consumer Financial Protection Bureau today -- the first of 12 the association will submit as part of the bureau’s ongoing public feedback initiative -- the American Bankers Association offered several commonsense recommendations for rebalancing the bureau’s civil investigative demand process.

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Warner: Time is Now to Pass S. 2155

As bankers prepared to head to Capitol Hill for meetings with lawmakers this morning, Sen. Mark Warner (D-Va.), one of the Democratic co-sponsors of S. 2155, charged them to urge the House to pass the regulatory reform measure immediately in its original form, warning that “this bill will not pass if it comes back to the Senate.”

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ABA Weighs in on Harmonization of Swap Margin, QFC Rules

ABA today commented on a joint proposed rulemaking issued by the OCC, Federal Reserve and FDIC, Farm Credit Administration and the Federal Housing Finance Administration that would align the agencies’ margin rules with restrictions on qualified financial contracts that took effect last year.

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Bankers Observe Teach Children to Save Day Today

More than 12,500 bankers will host financial education events across the country this week in celebration of Teach Children to Save Day today. Bankers will teach students the fundamentals of financial literacy, including the basics of saving, how to create a budget and how to distinguish wants from needs.

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Trade Associations: FCC Must ‘Seize Opportunity’ to Provide Clarity on TCPA

A federal judge’s recent action to vacate portions of the Federal Communications Commission’s 2015 order on the Telephone Consumer Protection Act has provided a new opportunity for the FCC to clarify certain definitions and take steps to ensure that consumers can continue to receive important communications from banks and other businesses, ABA and seven other financial trade groups said in a joint letter to Senate leaders.

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