ABA Op-Ed Calls for Re-Examination of Stress Test Requirements
In an American Banker op-ed today, ABA VP Hugh Carney and senior counsel Shaun Kern called on Congress to reconsider...
Policy
House Approves Budget Bill, Clearing Way for Tax Reform
The House today by a vote of 216 to 212 approved the Senate’s 2018 budget resolution, effectively clearing the way...
ABA Supports Bill to Fix TRID
ABA yesterday joined several financial and housing trade associations in a letter to House members urging support for the TRID...
OCC’s Noreika Applauds Senate Action to Overturn Arbitration Rule
Acting Comptroller of the Currency Keith Noreika today commended Senate lawmakers for stopping the Consumer Financial Protection Bureau’s controversial arbitration...
Senate Votes to Overturn CFPB’s Arbitration Rule
The Senate tonight voted to overturn the Consumer Financial Protection Bureau’s controversial final rule on arbitration, exercising its authority under...
Consumer Choice Center Calls for End to CU Tax Exemption
In an op-ed in the Charlotte Observer last week, Yael Ossowski, deputy director of the Consumer Choice Center -- a...
Gruenberg: Eight Deposit Insurance Applications Approved in Past Year
The FDIC has approved eight applications for deposit insurance in the past year -- a number of de novo approvals...
Treasury: CFPB Arbitration Rule Will Impose Major Costs on Consumers
The Consumer Financial Protection Bureau’s rule virtually prohibiting mandatory arbitration for financial products will impose significant costs on consumers and...
Fed’s Powell: Banks Needed at Center of Payments System
As the push for faster payments in the U.S. intensifies, and as a variety of businesses enter the payments space,...
GAO: Leveraged Lending Guidance Constitutes a ‘Rule’
The Government Accountability Office today issued a statement that the 2013 interagency guidance on leveraged lending issued by the federal...
