A Missouri community bank CEO represented ABA and the banking industry today at a White House event highlighting the Trump administration’s regulatory reform agenda.

The Consumer Financial Protection Bureau will likely issue a rule to define what kinds of practices it considers "abusive" under the Dodd-Frank Act, providing greater clarity to the controversial UDAAP standard created by the statute, Acting Director Mick Mulvaney said today. 

The Federal Reserve is fully participating in an interagency process to revise Community Reinvestment Act regulations, Fed Governor Lael Brainard said today.

A policy perspective.

In the more than eight years since the Dodd-Frank Act passed, just 13 new U.S. banks have been chartered -- and in some years, no new banks have been chartered at all. ABA Chairman Ken Burgess, who co-founded FirstCapital Bank of Texas as a de novo two decades ago, is concerned about these numbers.

Ahead of a Senate Commerce Committee hearing on consumer data privacy today, ABA in a statement submitted for the record called on lawmakers to consider the existing set of privacy laws banks adhere to when drafting new federal privacy legislation.

Under a major new transparency initiative, the FDIC will publish key performance metrics on its website, agency chairman Jelena McWilliams said today.

Led by Senate Banking Committee Chairman Mike Crapo (R-Idaho), seven Republican senators today endorsed efforts to revisit the Volcker Rule and urged the agencies to go beyond their proposed policy changes in making fixes to the complex rule.

The Federal Housing Administration released guidance to issuers of FHA-insured reverse mortgages today stating that the agency may require a second appraisal when a risk assessment does not support the figure reached by the first appraisal.

In an American Banker op-ed today, ABA EVP Wayne Abernathy and VP Hugh Carney explain why it’s time for regulators to assess and calibrate capital requirements for banks of all sizes.