The Consumer Financial Protection Bureau yesterday issued a correction of a typo in the TILA-RESPA integrated disclosures.
The House Judiciary Committee today passed a bill that would create new provisions in the federal bankruptcy code to wind down a failing large bank with more than $50 billion in assets.
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.
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
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.
In its proposed 2017 budget released yesterday, the White House Office of Management and Budget pegged the credit union tax exemption at $26.8 billion over 10 years.
New Hampshire Gov. Maggie Hassan yesterday said she would name Jerry Little as commissioner of the state’s banking agency. Currently serving as a state senator, Little spent 20 years as president of the New Hampshire Bankers Association.
The ABA Foundation today formally launched its Safe Banking for Seniors program to help banks across the country educate seniors and their caregivers on the risks of financial fraud.
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.
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.