Quarles Floats Technical Changes to Liquidity Regulation, Supervision
In remarks in New York last night, Federal Reserve Vice Chairman for Supervision Randal Quarles suggested that making reserves and...
Policy
ABA: Interest Rate Caps Would Harm Consumers
The American Bankers Association today warned lawmakers of the potential consequences of imposing interest rate caps on consumer credit products.
ABA Welcomes FDIC’s Proposal to Codify ‘Valid When Made’ Principle
ABA today expressed support for the FDIC’s proposal to codify that permissible interest on loans made by state-chartered banks and...
ABA Opposes Proposed Changes to Postal Pricing System
In a comment letter today, the American Bankers Association urged the Postal Regulatory Commission not to move forward with its...
N.Y. Fed: Large Bank Holding Companies’ Risk Profiles Decline
Since the financial crisis, large bank holding companies have seen notable declines in key risk factors, with several risk indicators...
What Compliance Needs to Know About Hemp
While the 2018 Farm Bill authorized production and processing of hemp plants with less than 0.3% THC content, bankers need...
Agencies Propose Regulatory Reforms to Volcker Rule’s ‘Covered Funds’ Provisions
The federal banking agencies today issued a joint proposal to amend the “covered funds” regulatory provisions of the Volcker Rule,...
Fed Finalizes Rule to Clarify Bank Control Determinations
The Federal Reserve today issued a final rule amending its existing rules for determining control of a company by another...
Otting Defends OCC’s CRA Modernization Proposal At House Hearing
During an often contentious hearing before the House Financial Services Committee today, Comptroller of the Currency Joseph Otting defended his...
ABA Calls for Transparency on Hemp Licenses, Flexibility on THC Test
ABA today recommended several changes to the U.S. Department of Agriculture’s interim final rule that would facilitate banks offering services...
