House Passes Second ABA-Backed Cybersecurity Bill
With a 355-63 vote, the House today passed the ABA-supported National Cybersecurity Protection Advancement Act (H.R. 1731), which would enhance cybersecurity threat information sharing.
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ABA Supports Bills on Rural Designations, SEC Registration Threshold
ABA today wrote to Congress to urge support of two recently introduced bills. S. 871, introduced by Sens. Dean Heller (R-Nev.), Shelley Moore Capito (R-W.Va.) and Rand Paul (R-Ky.), would establish a process for designating an area rural for purposes of Consumer Financial Protection Bureau exemptions. It is a companion to a bill that the
Agencies Signal Call Report Simplification
Testifying before the House Financial Services Committee today, federal banking regulators said they intend to propose “burden-reducing” changes to the Call Report.
ABA-Advocated Exam Fairness Bill Introduced in House
Joined by 29 bipartisan cosponsors, Reps. Lynn Westmoreland (R-Ga.) and Carolyn Maloney (D-N.Y.) yesterday introduced H.R. 1941, which would help address ongoing concerns about the lack of consistency and quality in the bank examination process.
House Passes ABA-Backed Cybersecurity Bill
By a strong 307-116 vote, the House yesterday passed the ABA-supported Protecting Cyber Networks Act (H.R. 1560), which would enhance cybersecurity threat information sharing.
Keating Discusses Real-World Implications of Reg Burden
In conjunction with his visits this week with bankers in North Dakota, ABA President and CEO Frank Keating yesterday discussed the practical implications of excessive regulation for bank customers on Fargo’s KFGO radio station.
House to Vote on ABA-Backed Cybersecurity Bills This Week
The full House is expected to vote this week on a pair of ABA-supported bills designed to enhance cyber threat information sharing.
Keating Makes Case for De Novo Banks to Boost Economic Growth
The dearth of bank startups in recent years may have something to do with declining business dynamism and weak job growth, Frank Keating wrote in an op-ed in The Hill on Friday.
Sens. Blunt, Carper Introduce ABA-Supported Data Security Bill
Sens. Roy Blunt (R-Mo.) and Tom Carper (D-Del.) yesterday introduced the Data Security Act (S. 961), which would require companies and agencies to better guard sensitive data, investigate breaches and notify consumers about compromised information.
FDIC’s Hoenig Adds Weight to Tailored Regulatory Approach
FDIC Vice Chairman Thomas Hoenig today became the latest regulator to emphasize the need to tailor regulations to suit banks’ risk profiles and business models, suggesting several ways that regulatory burdens could thus be lightened for “the vast majority of commercial banks.”