House Financial Services Committee Advances Credit Reporting Bills
The House Financial Services Committee last night approved several bills that would amend the Fair Credit Reporting Act and make changes to the credit reporting process.
Browsing: Policy
ABA: Proposed Legislation Would Degrade Credit Reports
In a memo to members of the House Financial Services Committee today, the American Bankers Association expressed opposition to several bills that would amend the Fair Credit Reporting Act and make changes to the credit reporting process.
Agencies Finalize Volcker Rule Exemption for Community Banks
The five federal financial regulatory agencies today finalized a rule implementing a section of the S. 2155 regulatory reform law that grants an exclusion from the Volcker Rule for certain community banks.
Agencies Issue Final Capital Simplification Rule
The financial regulatory agencies today issued a joint final rule to simplify the Basel III regulatory capital calculations for all but the very largest banks.
Quarles: Transparency, Simplicity Guide Fed’s Approach to Stress Test Changes
In remarks at a conference at the Federal Reserve Bank of Boston today, Fed Vice Chairman for Supervision Randal Quarles highlighted ways his agency is working to make stress tests more transparent, simple and less volatile.
Plagge Appointed Superintendent of Iowa Division of Banking
Iowa Gov. Kim Reynolds announced today that former ABA Chairman Jeff Plagge, president and CEO of Northwest Financial Corporation in Arnolds Park, has been appointed superintendent of the Iowa Division of Banking.
ABA Offers Feedback on Changes to CFPB Remittance Rule
In response to a recent request for information, the American Bankers Association on Friday filed two comment letters offering feedback to the CFPB on potential changes to its remittance rule.
Bonus Podcast: Examining Credit Unions’ (Lack of) Mission Focus
On this bonus episode of the ABA Banking Journal Podcast, Karen Shaw Petrou of Federal Financial Analytics discusses her recent paper on whether credit unions are succeeding in their statutory mission to serve customers of “small means” — and what it means for the growing problem of economic inequality
ABA to FSB: Post-Crisis Framework Has Addressed ‘Too Big to Fail’ in U.S.
As the Basel, Switzerland-based Financial Stability Board begins the process of evaluating whether post-financial crisis regulatory efforts are reducing the systemic and moral hazard risks associated with systemically important banks, ABA said “that the prospect of TBTF with regard to banking organizations has been addressed in the United States by these regulatory actions and the banking industry’s concomitant efforts.”
ABA Calls for ‘Top-to-Bottom’ Assessment of Credit Union Industry
In a letter to the National Credit Union Administration board and inspector general today, the American Bankers Association called for a “top-to-bottom assessment” of whether the credit union industry is living up to its statutory mandate to operate not-for-profit and serve people of “small means.”