Keating Media Appearances Focus on Farm Credit, 2016 Campaign
ABA President and CEO Frank Keating discussed regulatory burden and reforming the Farm Credit System in several local North Dakota and South Dakota radio interviews this week.
Browsing: Newsbytes
NCR Launches New Cloud-Based ATM Software Platform
NCR, a leading provider of consumer transaction technologies, today announced that it is launching a new cloud-based enterprise software platform for ATMs. The software, called Kalpana, runs ATMs remotely on an Android operating system and is designed to reduce costs and increase ATM security.
OCC Combines Guidance on Trade Finance and Services
The OCC today updated its Comptroller’s Handbook guidance on trade finance and services, consolidating three previous booklets issued in 1994, 1998 and 1999.
Labor Department Proposes More Expansive Fiduciary Definition
The Department of Labor today re-proposed a rule redefining who counts as a fiduciary under the Employee Retirement Income Security Act.
House Passes ABA-Backed Points and Fees Bill
By a bipartisan 286-140 vote, the House today passed H.R. 685, a bill introduced by Rep. Bill Huizenga (R-Mich.) that would provide needed clarifications on the Qualified Mortgage rule’s points and fees test as part of ABA’s Agenda for America’s Hometown Banks.
OCC Updates Guidance on RESPA Compliance
The OCC today updated its Comptroller’s Handbook guidance on complying with the Real Estate Settlement Procedures Act and Regulation X.
This Week: Hearings on Reg Burden, Ex-Im, Housing
Congress returns today from its spring recess and its week ahead includes two hearings on regulatory burden.
Basel Committee Drops ‘Credit Spread Risk’ Plan
The Basel Committee has reportedly dropped its plan for a new capital requirement for “credit spread risk” on loans, bonds and other assets held in the banking book.
‘Tax Day’ Ads Spotlight Credit Union Tax Exemption
In recognition of Tax Day, the Financial Education and Advocacy Initiative will run ads Wednesday spotlighting credit unions’ outdated tax exemption.
Employers Can Decide That Physical Presence at Work is an Essential Function
On April 10, 2015, the Sixth Circuit Court of Appeals issued its long-awaited en banc decision in Equal Employment Opportunity Commission v. Ford Motor Company following a vacated panel decision from April 2014, in which a divided panel had reversed a district court’s summary judgment award in the employer’s favor.