Congress Extends Foreclosure Protection for Service Members
Congress voted yesterday to renew a part of the Servicemembers Civil Relief Act that provides one-year foreclosure protection for military personnel leaving active duty through 2017.
Browsing: Policy
Fed Releases Audited Financial Statements
The Federal Reserve today released financial statements — independently audited by KPMG — for the combined system.
FDIC’s Hoenig Calls for Disclosure of Large Bank Exam Info
Due to the importance of large banks to the overall economy, regulatory agencies should prod more disclosures of certain supervisory information by the large financial institutions they oversee, FDIC Vice Chairman Thomas Hoenig said in a speech today in New York.
Curry: Regulators Updating CRA Q&As as Part of Fintech Response
The federal banking agencies are preparing updates to the Community Reinvestment Act questions and answers to provide guidance on how alternative delivery methods for financial services, including those provided through financial technology platforms, Comptroller of the Currency Thomas Curry said today at a community reinvestment conference in Washington, D.C.
Heitkamp, Moran Introduce Senate Version of HOLA Flexibility Bill
Sens. Heidi Heitkamp (D-N.D.) and Jerry Moran (R-Kan.) today introduced ABA-advocated legislation that would allow institutions chartered under the Home Owners Loan Act to elect to operate more like national banks without having to change their charters.
Lawmakers Discuss Reg Relief Common Ground, Spar on Rhetoric
Passing major regulatory relief for banks is going to be a heavy lift in 2016, according to a bipartisan panel of legislators at ABA’s Government Relations Summit, although the lawmakers emphasized their efforts to find common ground on regulatory reform. Rep. Blaine Luetkemeyer (R-Mo.) said passing reg relief this year would be “difficult” and that
Shelby Makes Case for Reg Relief
Economic growth requires a robust, competitive banking system, and the Dodd-Frank Act and current regulatory environment inhibit that, Senate Banking Committee Chairman Richard Shelby (R-Ala.) said at ABA’s Government Relations Summit.
House Members Ask CFPB for Community Financial Institution Exemptions
A bipartisan group of 329 House members wrote to the Consumer Financial Protection Bureau yesterday, urging the agency to exempt community banks and credit unions from certain rulemakings.
ABA Sets Data Security Record Straight on Hill
With a retail industry lobbying group visiting Capitol Hill offices this week, ABA sent a memo today to members of Congress rebutting retailers’ claims about data security.
FDIC Watchdog Finds Major Flaws in Refund Loan Supervision
In supervising banks that made tax refund anticipation loans, the FDIC made “aggressive and unprecedented” use of its supervisory powers and imposed “high costs” on institutions offering the legal products, according to a review issued today by the FDIC’s inspector general.