ABA Data Bank: Americans Like Their Banks
…and the innovative services they offer.
…and the innovative services they offer.
Senior House Financial Services Committee member Blaine Luetkemeyer (R-Mo.) and Ranking Member Patrick McHenry (R-N.C.) today wrote to Securities and Exchange Commission Chairman Jay Clayton expressing concerns about the coming CECL loan loss accounting approach and its effects on markets and investors.
The Senate today voted 52 to 44 to confirm Mark Calabria as director of the Federal Housing Finance Agency.
Sens. Cory Gardner (R-Colo.) and Elizabeth Warren (D-Mass.) and Reps. Earl Blumenauer (D-Ore.) and David Joyce (R-Ohio) today introduced the States Act, a bipartisan bill that aims to resolve the conflict between state and federal laws on marijuana.
A story on NPR’s “Marketplace” program tonight illustrated how credit unions have used ever-looser field of membership regulations to expand beyond their intended communities.
The Financial Accounting Standards Board today declined to make changes to its current expected credit loss model, as proposed by a group of regional banks, speeding CECL on its path to being implemented for Securities and Exchange Commission registrants as scheduled in 2020.
Speaking at the ABA Washington Summit today, three Federal Reserve Bank presidents affirmed the role that bankers play in serving on Fed bank boards.
The FDIC issued a letter to all banks today outlining gaps that some examiners had noted in banks’ contracts with technology vendors and reiterating regulatory requirements for these contracts.
As part of their efforts to mitigate financial stability risks associated with connections among the largest banks, the federal banking agencies today proposed a rule that would discourage the largest banks from purchasing large amounts of total loss-absorbing capacity debt issued by other large banks.
Housing finance and data security will be top items on the Senate Banking Committee’s agenda in this Congress, committee Chairman Mike Crapo (R-Idaho) told attendees at ABA’s Washington Summit today.