Browsing: Newsbytes
FDIC’s Hoenig Calls for Disclosure of Large Bank Exam Info
Due to the importance of large banks to the overall economy, regulatory agencies should prod more disclosures of certain supervisory information by the large financial institutions they oversee, FDIC Vice Chairman Thomas Hoenig said in a speech today in New York.
Curry: Regulators Updating CRA Q&As as Part of Fintech Response
The federal banking agencies are preparing updates to the Community Reinvestment Act questions and answers to provide guidance on how alternative delivery methods for financial services, including those provided through financial technology platforms, Comptroller of the Currency Thomas Curry said today at a community reinvestment conference in Washington, D.C.
Heitkamp, Moran Introduce Senate Version of HOLA Flexibility Bill
Sens. Heidi Heitkamp (D-N.D.) and Jerry Moran (R-Kan.) today introduced ABA-advocated legislation that would allow institutions chartered under the Home Owners Loan Act to elect to operate more like national banks without having to change their charters.
ABA Asks Basel Committee to Withdraw Step-In Risk Proposal
In a comment letter today, ABA called on the Basel Committee on Banking Supervision to withdraw a proposal to set a global regulatory capital requirement to address “step-in” risk — that is, the risk a bank would provide financial support to nonbank financial entities in times of market stress beyond or in absence of any contractual obligations.
OCC Names New Senior Officials
The OCC today announced that Grace Dailey has been named senior deputy comptroller for bank supervision and policy and chief national bank examiner.
Senate Dems Introduce Bill Beefing Up SCRA
Sens. Patty Murray (D-Wash.), Dick Durbin (D-Ill.) and Bernie Sanders (D-Vt.) today introduced the SCRA Enhancement and Improvement Act of 2016, which expands the provisions of the Servicemembers Civil Relief Act.
Cordray: CFPB Will Provide Further TRID Guidance
In congressional testimony yesterday, Consumer Financial Protection Bureau Director Richard Cordray said that the bureau would provide further question-and-answer guidance to the financial and housing industries on complying with the TILA-RESPA integrated disclosures, which — since TRID took effect in October 2015 — have been delaying mortgage closings, according to a recent ABA survey.
OCC Updates Guidance on Oil, Gas Lending
The OCC today updated its Comptroller’s Handbook with a revised booklet on oil and gas exploration and production lending.
ABA Op-Ed: ‘Strong Security Standards Are in Everyone’s Interest’
The retail industry’s continued emphasis on static technologies impedes innovation and stands in the way of consumer protection, said ABA SVP Jess Sharp in an op-ed in The Hill today.