Admitting Role in Leak, Richmond Fed’s Lacker Resigns Immediately
Jeffrey Lacker, president and CEO of the Federal Reserve Bank of Richmond, resigned today, effective immediately.
Policy
ABA to CFPB: Objective Definition of ‘Prepaid Account’ Is Necessary
Noting that numerous compliance challenges remain, ABA today welcomed the Consumer Financial Protection Bureau’s proposal to delay the implementation of...
ABA, ICBA Call on Trump to Revitalize Rural America
In a letter to President Trump today, the American Bankers Association and the Independent Community Bankers of America urged the...
Democrats Defend CFPB’s Structure in Amicus Brief
A group of 39 current and former Democratic lawmakers submitted an amicus brief today in the case of PHH Mortgage...
ABA to Treasury: ‘Destabilizing’ Liquidity Standards Need Changes
In response to President Trump’s executive order outlining “core principles” for financial regulation, ABA submitted feedback to the Treasury Department...
Cordray Previews Regulatory Review
As it kicks off its five-year retrospective review of the Dodd-Frank remittance and mortgage rules, the Consumer Financial Protection Bureau...
Farm Credit Watch: Yet Another Congressional Hearing on FCA, FCS
On February 28, the Agricultural Appropriation Subcommittee of the House Appropriations Committee held an oversight hearing on the Farm Credit...
Chamber Survey: Small Biz Execs Believe Financial Reform Would Help
Two-thirds of small business executives rely a great deal or a moderate amount on banks to grow and maintain their...
House Ag Committee Holds Hearing on Farm Credit Oversight
Lawmakers echoed bankers’ concerns about “mission creep” by the government-sponsored Farm Credit System in a House Agriculture Committee hearing today...
Savarese Op-Ed: Growth Depends on ‘Common-Sense Reg Reform’
The biggest obstacle in the way of banks’ ability to create jobs and grow the economy is a framework of...
