Community Banking

Fed Nominee Quarles ‘Fully Supports’ Tailored Regulation

During his confirmation hearing today, Randal Quarles -- President Trump’s nominee to serve as Federal Reserve vice chairman for supervision -- endorsed the concept of tailored supervision that ABA has done much to work into the policy conversation over the past several years.

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ABA Supports Bipartisan Reciprocal Deposit Bill

ABA wrote to Sen. Mark Warner (D-Va.) today in support of S. 1500, a bipartisan bill that would update Section 29 of the Federal Deposit Insurance Act to clarify that reciprocal deposits of another insured depository institution are not considered brokered deposits.

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Nichols Emphasizes ‘Common-Sense’ Reg Reforms in New York Times

In a New York Times letter today responding to exaggerated claims about bankers’ regulatory relief efforts, ABA President and CEO Rob Nichols made clear that the policy changes bankers are seeking are “common-sense reforms that can ease the regulatory burden responsibly and allow banks of all sizes to better serve their customers and communities.”

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