House Small Business Committee Ranking Member Rep. Nydia Velázquez (D-N.Y.) today asked the Securities and Exchange Commission and the Consumer Financial Protection Bureau for information on how they regulate the online lending marketplace for small businesses. Noting that online small business lending has doubled in size every year for the past four years, topping $14
ABA and more than two dozen trade groups urged the House and Senate conferees on the highway spending bill to adopt the House’s approach to funding the legislation. The House bill, adopted last week, uses the Federal Reserve’s capital surplus account to pay for highway spending. By contrast, the Senate’s bill, passed in July, includes
In a joint letter to members of Congress today, ABA and others urged House legislators to remove a section from the Senate-passed version of the Cybersecurity Information Sharing Act that would require the Department of Homeland Security and other agencies to independently investigate, assess and offer recommendations to Congress on the cybersecurity and incident reporting capabilities of critical infrastructure entities.
The House today voted 371-54 to approve a long-term highway funding bill. Just prior to passage, the House overwhelmingly approved measures that would remove controversial funding methods from the bill.
By a bipartisan vote of 39 to 16, the House Financial Services Committee today approved H.R. 1309, a bill strongly advocated by ABA that would eliminate the automatic designation of banks as systemically important based solely on asset size.
In her testimony before the House Financial Services Committee today, Federal Reserve Chairman Janet Yellen pointed to evidence that the U.S. financial system has “strengthened considerably.”
The House Financial Services Committee yesterday approved by a voice vote a bipartisan bill that would allow thrifts chartered under the Home Owners’ Loan Act to elect to receive the lending powers — and compliance responsibilities — of national banks without changing their HOLA charters.
Incoming ABA CEO Rob Nichols discussed his plans to fight for regulatory relief, unite banks of all sizes and engage millennials in a recent interview with The Hill.
The Basel, Switzerland-based Financial Stability Board today updated its list of global systemically important banks subject to supplemental loss absorbency requirements.