In a speech today at a Washington, D.C., think tank, FDIC Chairman Martin Gruenberg described the “impressive” progress the FDIC and Federal Reserve have made toward building a regulatory structure to resolve a failing systemically important financial institution.
Financial institutions and other businesses need protection from abusive patent trolls, ABA and several trade groups said in a statement for the record for a Senate Judiciary Committee hearing yesterday.
In an April 22 letter released today, Consumer Financial Protection Bureau Director Richard Cordray declined congressional appeals to provide a grace period for enforcement of the TILA-RESPA integrated disclosures that come into force on Aug. 1.
Federal Reserve Chairman Janet Yellen today broadly discussed the state of financial regulatory reform at a conference in Washington, D.C.
Complying with the Dodd-Frank Act is projected to reduce U.S. gross domestic product by $895 billion from 2016 to 2025, according to an analysis yesterday from Douglas Holtz-Eakin of the American Action Forum.
Reps. Steve Pearce (R-N.M.) and Brad Sherman (D-Calif.) on Friday introduced H.R. 2213, which would provide lenders with a temporary safe harbor from enforcement of the rule integrating required mortgage disclosures under the Truth in Lending Act and the Real Estate Settlement Procedures Act.
ABA’s newest grassroots alerts have resulted in more than 2,300 letters to members of Congress urging them to support or co-sponsor several bipartisan bills introduced as part of ABA’s Agenda for America’s Hometown Banks.
Reps. Randy Neugebauer (R-Texas) and John Carney (D-Del.) today introduced the bipartisan Data Security Act (H.R. 2205), which would establish a national data security and breach notification standard for financial institutions and retailers.
Speaking at an industry event in Washington, D.C., today, Federal Reserve Governor Daniel Tarullo floated an idea originated by ABA and the state bankers associations to relieve compliance burdens associated with capital rules. “One idea I have heard is to allow smaller community banks to opt into a simpler set of risk-weighted capital requirements in
BAFT, the international financial services association that is an ABA subsidiary, today joined the Financial Services Roundtable in urging Congress to reauthorize the U.S. Export-Import Bank before its charter expires at the end of June.