ABA Opposes Resolution to Invalidate OCC’s ‘True Lender’ Rule
The American Bankers Association and a coalition of financial trade groups wrote in opposition today to a Senate resolution that...
Policy
CFTC Subcommittee Recommends Transition Dates for Interdealer Swap Market Trading Conventions
With certain tenors of Libor set to sunset at the end of 2021, the Commodity Futures Trading Commission’s Interest Rate...
Freddie Announces New Cap for Purchase of Certain Single-Family Homes
Freddie Mac today announced plans to cap its purchase of single-family mortgages secured by investment properties and second homes to...
Quarles: COVID-19 Proved Forward-Looking Capital Framework ‘Works Effectively’
Given the strong performance of banks throughout the COVID-19 pandemic and resulting economic downturn, regulators should not need to employ...
ABA Urges MSRB to Consider Compliance Cost of Expanded Best Interest Rule
The American Bankers Association urged the Municipal Securities Rulemaking Board on Wednesday to consider the compliance costs of its draft...
ABA Flags Several Priority Issues in Need of IRS Guidance
The American Bankers Association last week submitted recommendations to the Internal Revenue Service on tax issues that are in need...
FSB Issues Roadmap, Additional Resources for Libor Transition
As banks prepare for the cessation of Libor—certain tenors of which are set to begin phasing out at the end...
OCC’s Hsu: Recent Approvals of Crypto Charters ‘On the Table’ for Review
As the OCC reviews recent interpretive letters on digital assets and trust charters, “everything’s on the table,” current Acting Comptroller...
Fed Issues Final Rule Amending Regulation D
The Federal Reserve today issued a final rule amending Regulation D, which addresses reserve requirements of depository institutions.
Treasury Releases Details on Tax Proposals to Fund Proposed Budget
The Treasury Department on Friday released its “Green Book,” which contains details on the tax changes that the Biden administration...
