CFPB Seeks Feedback on ‘QM Patch’ Ahead of 2021 Expiration
The Consumer Financial Protection Bureau today issued an advance notice of proposed rulemaking seeking feedback on the upcoming expiration of...
Policy
ABA Seeks Greater Regulatory Clarity About Hemp
While the 2018 Farm Bill reclassified hemp as a legal agricultural commodity, banks still face challenges in serving hemp producers...
Colorado Banker Highlights Public Benefits of Banking Legitimate Cannabis Businesses
In testimony today before the Senate Banking Committee, American Bankers Association banker Joanne Sherwood urged lawmakers to pass the bipartisan...
NCUA Appraisal Action Creates Inconsistent Regulatory Standard
By a two-to-one vote, the National Credit Union Administration board today finalized a controversial proposal to raise the threshold at...
ABA, CUNA Call on Lawmakers to Solve Cannabis Conundrum
In a joint op-ed in Fox Business today, ABA President and CEO Rob Nichols and Credit Union National Association President...
ABA, State Bankers Associations Call for Early Adoption for Regulatory Capital Relief
The American Bankers Association and 52 state associations wrote to the heads of the financial regulatory agencies yesterday urging them...
ABA Responds to Federal Reserve’s Proposed Revisions to ‘Control’ Framework
The American Bankers Association today responded to a proposal from the Federal Reserve that would amend the regulatory framework for...
House Financial Services Committee Advances Credit Reporting Bills
The House Financial Services Committee last night approved several bills that would amend the Fair Credit Reporting Act and make...
ABA: Proposed Legislation Would Degrade Credit Reports
In a memo to members of the House Financial Services Committee today, the American Bankers Association expressed opposition to several...
Agencies Finalize Volcker Rule Exemption for Community Banks
The five federal financial regulatory agencies today finalized a rule implementing a section of the S. 2155 regulatory reform law...
