ABA and other trade groups sent a letter to the committee on Friday thanking Senate Banking Committee Chairman Richard Shelby (R-Ala.) for drafting his regulatory relief proposal, describing it as an “important step toward addressing the statutory and regulatory obstacles that stymie banks and credit unions from more fully serving the diverse financial needs of American consumers.”
The Department of Education today published a proposed rule that would limit the kinds of arrangements colleges can make with banks that disburse funds to students from federally guaranteed student loans.
The Department of Labor on Friday said it would extend the comment period for its rule redefining who counts as a fiduciary under the Employee Retirement Income Security Act.
The OCC today published a final rule to integrate the agency’s licensing rules for national banks and federal savings associations.
ABA last week filed its second comment letter in response to the decennial EGRPRA regulatory burden review that the federal banking agencies must conduct.
The Federal Housing Finance Agency on Friday issued an update on the development of the Single Security, a mortgage-backed security to be issued by both Fannie Mae and Freddie Mac via a common securitization platform.
ABA will hold a free webinar on preparing for the rollout of the .bank domain on Tuesday, May 26, from 1-2 p.m. EDT.
The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) fell two points to a level of 54 in May, but increased nine points from May 2014.
The House Agriculture Committee yesterday passed a reauthorization bill for the Commodity Futures Trading Commission. ABA successfully advocated for the inclusion of an amendment that would provide an exemption for derivatives clearing for small bank holding companies.
Industrial production decreased 0.3 percent in April, the fifth consecutive monthly loss. From April 2014, the index increased 1.9 percent.