Browsing: Newsbytes

Compliance and Risk

ABA, along with three trade associations and the U.S. Chamber of Commerce, wrote a letter to the Consumer Financial Protection Bureau urging the Bureau to create a Small Business Regulatory Enforcement Fairness Act panel prior to proposing rules to regulate arbitration.

Mutual Banks

The OCC hosted the Mutual Savings Associations Advisory Council on April 28, 2015, at OCC headquarters in Washington, D.C. Comptroller Tom Curry greeted the 10-member group—all of whom are ABA members—by again stating his steadfast support for the mutual charter and by praising the recently introduced mutual legislation for thrift charter flexibility championed by Rep. Keith Rothfus (R-Pa.).

Economy

Real GDP growth fell sharply in the third quarter, growing at a 0.2 percent seasonally adjusted annual rate according to the Bureau of Economic Analysis’s advance estimate.

Community Banking

In the first four months of the 114th Congress, 28 ABA-supported bills have been introduced, ABA bankers and staff have testified before Congress four times, the Federal Reserve finalized an ABA-advocated rule change helping smaller banks and ABA Chairman John Ikard participated in President Obama’s cybersecurity summit.

Newsbytes

NACHA, the electronic payments association, today issued a ballot to its members to vote on a revised rule change to implement same-day ACH transactions.

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