Newsbytes

ABA, CBA Urge Education Department to Revisit Obama-Era Rule

As the Department of Education conducts the regulatory review mandated by President Trump, ABA and the Consumer Bankers Association yesterday urged the department to revisit the overly expansive final rule targeting campus bank accounts that the Obama administration finalized in October 2015.

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ABA, Housing Groups: GSE Structural Reforms Must Precede Recapitalization

As debates continue to swirl about recapitalizing the housing GSEs Fannie Mae and Freddie Mac, ABA and several other housing and financial groups urged Treasury Secretary Steven Mnuchin and Federal Housing Finance Agency Director Mel Watt not to give in to advocates for rebuilding Fannie’s and Freddie’s capital cushions without structural reform.

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California Op-Ed: Reg Reform Is ‘Sensible Solution’

Several bills pending in Congress represent “sensible regulatory changes” that will help banks of all sizes grow the economy, wrote California Bankers Association President and CEO Simone Lagomarsino in an Orange County Register op-ed today.

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Fed to Begin Reducing Balance Sheet in October

The Federal Open Market Committee said it will begin reducing the Fed’s balance sheet in October, according to a statement from the committee released yesterday. The balance sheet is swollen with $4.5 trillion in securities purchased as part of quantitative easing programs between 2008 and 2014. The committee also decided to hold rates at 1 to 1.25 percent, citing “realized ...

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