The 2018 Midterms and Their Impact on Banking
The hard-fought 2018 midterm elections met most expectations leading into Election Day and produced significant changes for the next Congress.
Policy
Democrats Take House Majority; GOP Gains Seats in Senate
Democrats took a majority in the House of Representatives in the midterm elections last night, winning control of the chamber...
ABA, BPI Petition Regulators to Codify Joint Statement on Regulatory Guidance
After regulators in September issued a joint statement clarifying that regulatory guidance does not have the force and effect of...
SBA 7(a) Program Switches Fixed Base Rate from Libor to Prime
With the viability of the London Interbank Offered Rate uncertain beyond the end of 2021, the Small Business Administration is...
CFTC Permanently Sets Swap Dealer De Minimis Threshold at $8B
The Commodity Futures Trading Commission voted today to maintain the swap dealer de minimis threshold at $8 billion on a...
Fed Finalizes SIFI Risk Rating System
The Federal Reserve today finalized a new supervisory rating scale for large bank holding companies to better harmonize the ratings...
Fed Proposes Tailored Supervisory Approach for Largest Banks
The Federal Reserve today issued its highly anticipated proposed framework for applying enhanced prudential standards to banking firms with $100...
ABA Supports FDIC’s Reopening of Brokered Deposit Rules
In a comment letter to the FDIC today, the American Bankers Association offered support for a recent proposal to implement...
CFPB to Extend Compliance Date, Revisit Small-Dollar Loan Rule
The Consumer Financial Protection Bureau expects to delay the compliance date and revisit certain provisions of its small-dollar lending rule.
