Excessive regulation is keeping people from starting new banks, A. Scott Anderson said in a Deseret News op-ed published today.
ABA is asking bankers to write their senators and representatives to enlist their support for several bipartisan bills introduced in recent weeks as part of ABA’s Agenda for America’s Hometown Banks: Data security. This alert urges senators to co-sponsor S. 921, which would strengthen data security standards for all players and recognize the high standards
With a 355-63 vote, the House today passed the ABA-supported National Cybersecurity Protection Advancement Act (H.R. 1731), which would enhance cybersecurity threat information sharing.
ABA today wrote to Congress to urge support of two recently introduced bills. S. 871, introduced by Sens. Dean Heller (R-Nev.), Shelley Moore Capito (R-W.Va.) and Rand Paul (R-Ky.), would establish a process for designating an area rural for purposes of Consumer Financial Protection Bureau exemptions. It is a companion to a bill that the
Testifying before the House Financial Services Committee today, federal banking regulators said they intend to propose “burden-reducing” changes to the Call Report.
Joined by 29 bipartisan cosponsors, Reps. Lynn Westmoreland (R-Ga.) and Carolyn Maloney (D-N.Y.) yesterday introduced H.R. 1941, which would help address ongoing concerns about the lack of consistency and quality in the bank examination process.
By a strong 307-116 vote, the House yesterday passed the ABA-supported Protecting Cyber Networks Act (H.R. 1560), which would enhance cybersecurity threat information sharing.
In conjunction with his visits this week with bankers in North Dakota, ABA President and CEO Frank Keating yesterday discussed the practical implications of excessive regulation for bank customers on Fargo’s KFGO radio station.
The full House is expected to vote this week on a pair of ABA-supported bills designed to enhance cyber threat information sharing.
The dearth of bank startups in recent years may have something to do with declining business dynamism and weak job growth, Frank Keating wrote in an op-ed in The Hill on Friday.