Browsing: Policy

Commercial Lending

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

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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

Cybersecurity

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.

Mutual Banks

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.

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The Basel, Switzerland-based Financial Stability Board today updated its list of global systemically important banks subject to supplemental loss absorbency requirements.

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Iowa Gov. Terry Branstad yesterday announced the appointment of banker Ron Hansen as superintendent of the Iowa Division of Banking. Hansen, the chairman and CEO of Liberty Bancorporation in Durant, Iowa, will take office on Nov. 16.

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