Compliance

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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Fed’s Brainard Outlines ABA-Favored Ideas for CRA Reform

As the federal banking agencies work together on plans to revise the Community Reinvestment Act regulations and supervisory framework, Federal Reserve Governor Lael Brainard articulated several “outcomes that we will work toward” that align closely with ABA’s advocacy on CRA reform.

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Quarles Lays Out Opportunities for Further Regulatory Tailoring

Testifying before the House Financial Services Committee this morning, Federal Reserve Vice Chairman for Supervision Randal Quarles outlined several ways in which the Fed has already or is in the process of tailoring the post-crisis regulatory framework to promote efficiency, transparency and simplicity.

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