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.
Browsing: Policy
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.
ABA Asks FDIC to Reconsider Parts of Assessment Proposal
While expressing support for the purpose of FDIC’s proposal to revise premium assessments for banks with under $10 billion in assets, ABA in a comment letter Friday also recommended several changes.
GAO Study Requested of Fed Dividend Proposal
With a provision that would reduce the dividends paid on Federal Reserve Bank stock to Fed member banks still being floated as a revenue-raising measure on Capitol Hill, House Financial Services Committee Chairman Jeb Hensarling (R-Texas) today asked the Government Accountability Office to study the Fed stock ownership structure and report back to Congress.
Bank, Credit Union Groups Keep Up Reg Relief Pressure
With Congress back in session today, ABA, joined by ICBA and two credit union trade groups, wrote to the leaders of the Senate Banking Committee to keep up the pressure on enacting regulatory relief this fall.
‘Action Update’ Shows Progress on Policy Priorities
ABA advocacy helped generate more than 500 banker comment letters to the National Credit Union Administration on its business lending proposal, secure a delay in the implementation of the TILA-RESPA mortgage disclosures, and place several member bankers on the Fed’s new payments task forces. These and other ABA advocacy initiatives, part of ABA’s Agenda for