Draft Spending Bill Includes SBA Loan Funding Flexibility
Senate Appropriations Committee Chairman Thad Cochran (R-Miss.) yesterday unveiled a draft spending bill keeping the federal government open through Dec. 11.
Browsing: Policy
‘Take Your Lawmaker to Work Week’ Kicks Off Today
Today marks the start of Take Your Lawmaker to Work Week, when bankers host members of Congress in their banks. To date, more than 100 bankers have registered to host visits and nearly 200 members of Congress have been invited to a local bank.
ABA: Legislation Needed to Address FHLB Membership Plan
Arguing that the proposal runs against congressional intent and sound public policy, ABA today called on Congress to pass legislation requiring the Federal Housing Finance Agency to withdraw its proposal on Federal Home Loan Bank membership.
Keating Op-Ed: Debit Interchange Cap ‘Distorts the Marketplace’
The Durbin Amendment’s cap on debit card interchange fees is distorting the retail marketplace and harming consumers, ABA President and CEO Frank Keating said in an American Banker op-ed today responding to claims by retailers that the Federal Reserve set the fee cap too high.
Rep. Neugebauer to Retire from Congress
Rep. Randy Neugebauer (R-Texas) announced yesterday that he will not seek reelection in 2016, retiring after seven terms in the House.
State Bank Regulators Finalize Model Regs on Virtual Currency
The Conference of State Bank Supervisors yesterday finalized its new framework for model state-level regulation of virtual currencies such as bitcoin.
ABA Welcomes Relief Bill for FHLB Mortgages
ABA wrote to Sen. Heidi Heitkamp (D-N.D.) yesterday thanking her for introducing S. 1974, the Relationship Lending Preservation Act. The bill would provide the same regulatory treatment to mortgages sold to the Federal Home Loan Banks that Qualified Mortgages and GSE loans currently enjoy.
CFPB Watchdog Highlights Inaccuracies in Consumer Complaints
The inspector general for the Consumer Financial Protection Bureau issued a report today spotlighting inaccuracies and process weaknesses in the CFPB’s consumer complaint database.
ABA: Basel Proposal on Interest Rate Risk Is Counterproductive
The Basel Committee on Banking Supervision’s proposed interest rate risk capital requirement is fundamentally flawed and could ultimately increase interest rate risk, ABA and another trade group said in a comment letter on Friday.
Washington Examiner: Nichols Has ‘Pedal to the Metal’ on Reg Relief
In an interview published in Washington Examiner on Saturday, incoming ABA President and CEO Rob Nichols emphasized regulatory relief as the top legislative priority for the fall at ABA.