Browsing: Newsbytes

Newsbytes

Sen. Heidi Heitkamp (D-N.D.) and Rep. Ed Perlmutter (D-Colo.) will speak at ABA’s Government Relations Summit, March 14-16 in Washington, D.C. Both lawmakers will discuss how bankers can respond to the changing political environment during a panel discussion moderated by Politico economics correspondent Ben White.

Economy

In a hearing before the House Financial Services Committee, Chair Yellen reiterated that the Fed intends to raise rates gradually, while also noting that financial conditions have deteriorated some. “Financial conditions in the United States have recently become less supportive of growth, with declines in broad measures of equity prices, higher borrowing rates for riskier

Community Banking

Reps. Randy Hultgren (R-Ill.), Terri Sewell (D-Ala.) and Blaine Luetkemeyer (R-Mo.) yesterday introduced the Community Bank Reporting Relief Act, an ABA-supported measure that would streamline bank reporting by permitting well-capitalized and highly rated banks to file a short-form Call Report in the first and third quarters each year. The full Call Report would be required in other quarters.

Mortgage

The OCC will issue guidance in the coming months on managing risk for higher loan-to-value lending in communities targeted for revitalization, Comptroller of the Currency Thomas Curry announced today in his remarks at the 2016 National Interagency Reinvestment Conference in Los Angeles.

Newsbytes

In a joint op-ed with several trade group CEOs today, ABA President and CEO Rob Nichols voiced his opposition to the Department of Labor’s proposal to redefine who counts as a fiduciary under the Employee Retirement Income Security Act.

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