House Hearing Today to Focus on ABA ‘Agenda’ Bills
ABA submitted a statement for the record in today’s House Financial Services Committee hearing on protecting consumer financial choices.
Browsing: Policy
House Approves Measure Limiting Disparate Impact Analysis
By a 231-195 vote, the House yesterday passed an amendment to a government spending bill that would prevent the use of disparate impact analysis by the Department of Housing and Urban Development under the Fair Housing Act.
ABA: Basel Proposal on Interest Rate Risk ‘Overly Prescriptive’
The Basel Committee on Banking Supervision yesterday proposed an interest rate risk capital requirement, which ABA deemed “out of line with the regulatory program in the U.S.”
Senate Panel Passes Patent Reform Bill
By a bipartisan 16-4 vote, the Senate Judiciary Committee today approved the PATENT Act (S. 1137), which would seek to reduce abuse of the patent system through vaguely worded demand letters sent to businesses by patent trolls.
Congressional Democrats Unveil Narrow Regulatory Relief Bill
Democratic members of the House Financial Services Committee and the Senate Banking Committee yesterday released a relatively narrow regulatory relief bill for financial institutions.
Fed’s Fischer Defends Post-Crisis Regulations
Warning against “the mistake of believing that we have put an end to financial crises” at the International Monetary Conference in Toronto today, Federal Reserve Vice Chairman Stanley Fischer defended the international post-financial crisis regulatory regime as necessary to prevent similar crises in the future.
Agencies Begin Third Phase of Expanded EGRPRA Review
The Federal Reserve, FDIC and OCC on Friday launched the third round of comments in the decennial Economic Growth and Regulatory Paperwork Reduction Act review cycle, which is mandated by Congress in order to identify bank regulations that are outdated, unnecessary or burdensome.
Keating: Dodd-Frank SIFI Threshold Is Set Too Low
The Dodd-Frank Act’s asset threshold for systemically important financial institutions is set too low and should be replaced by a more tailored approach, ABA President and CEO Frank Keating said in a letter to the editor published Sunday in the Washington Post.
ABA-Backed Reg Reform Bill Clears Senate Committee
The regulatory reform bill introduced by Senate Banking Committee Chairman Richard Shelby (R-Ala.) was approved by the committee today. The ABA-supported bill would provide regulatory relief for community, mid-size and regional banks, tailor the regulatory structure for systemically important banks and begin restructuring within the Federal Reserve System and at Fannie Mae and Freddie Mac.
State Associations Welcome Shelby’s Reg Reform Bill
All 53 state bankers associations yesterday expressed their support for the financial regulatory reform proposal offered by Senate Banking Committee Chairman Richard Shelby (R-Ala.). The bill is set to be considered by the committee later today.