Bankers and community groups agree on several areas of possible Community Reinvestment Act regulatory reforms, according to a summary of several roundtable meetings released by the Federal Reserve today.
MMT has little chance of becoming law in the next few years, but the next election cycle could improve its chances. It is something for banks to keep a watchful eye on.
The House Financial Services Committee voted to advance the NFIP Reauthorization Act of 2019
The federal banking agencies are working to reduce excessive supervisory burdens through automation and shared data submission, Consumer Financial Protection Bureau Director Kathy Kraninger said today at the ABA Regulatory Compliance Conference in New Orleans.
Ahead of the House Financial Services Committee markup today, the American Bankers Association joined eight other financial trade organizations in support of Rep. Carolyn Maloney’s (D-N.Y.) bill (H.R. 2513) to counter the use of shell corporations to move illicit funds.
A bipartisan group of House lawmakers—led by Reps. Ted Budd (R-N.C.) and Vicente Gonzalez (D-Texas)—have introduced H.R. 3182, a bill calling for a halt to the implementation of the current expected credit loss standard until a quantitative impact study can be completed.
Ahead of a markup scheduled in the House Financial Services Committee tomorrow, the American Bankers Association in a memo to committee members offered support for two flood insurance bills scheduled for consideration.
A group of 51 state bankers associations today wrote to House Financial Services Committee leaders in support of H.R. 2513, a bill introduced by Rep. Carolyn Maloney (D-N.Y.) calling for the Financial Crimes Enforcement Network to create a database of beneficial ownership information.
A bipartisan group of senators today released draft legislation aimed at reforming several existing anti-money laundering rules.
In a long-awaited move last night, House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) and Ranking Member Patrick McHenry (R-N.C.) announced that they have reached an agreement on a five-year extension of the National Flood Insurance Program.