Sens. Cotton, Jones Introduce HVCRE Clarification Bill
Senate Banking Committee members Tom Cotton (R-Ark.) and Doug Jones (D-Ala.) yesterday introduced a bill that would clarify the regulatory...
Compliance and Risk
Bankers, ABA Staff Meet with OCC on CRA Modernization
A delegation of 15 ABA member bankers met with senior OCC staffers on Tuesday to present ideas for modernizing the...
CFPB Seeks Public Feedback on Enforcement Processes
As anticipated, the Consumer Financial Protection Bureau today issued a request for information seeking feedback from the public on its...
OCC’s Otting Signals Fresh Look at Community Reinvestment Act
The OCC will formally seek public input on ways to improve Community Reinvestment Act regulations in the next 30 days,...
ABA Supports Creation of ‘Challenge Mechanism’ for Erroneously Blocked Calls
In a comment letter today, ABA urged the Federal Communications Commission to create a “challenge mechanism” that banks and other...
Federal Reserve Issues 2018 CCAR Scenarios
The Federal Reserve today released the three economic and financial market scenarios that it will use in the next round...
Appeals Court Upholds Constitutionality of CFPB
A federal appeals court today upheld the constitutionality of the Consumer Financial Protection Bureau’s leadership structure -- a single powerful...
Regulators Order Halt to Activities of Purported Cryptocurrency ‘Bank’
Federal and state regulators have ordered a halt to activities by a Dallas-based entity known as “AriseBank” that has targeted...
House Passes ABA-Advocated Bills on HOLA Flexibility, Mobile Account Opening
The House tonight approved two ABA-advocated bills.
ABA to CFPB: Protect Accommodation Loan Exemption in Small-Dollar Loan Rule
ABA today urged the Consumer Financial Protection Bureau to protect small-dollar “accommodation loans” that many banks make for their customers.
