New Hampshire Bankers Association President and CEO Christiana Thornton authored an op-ed in the New Hampshire Union Leader yesterday calling for the Senate to pass S. 1484, Sen. Richard Shelby’s regulatory reform bill.
ABA in a joint letter today urged Congress to remove Section 407 from the Cybersecurity Information Sharing Act as the House and Senate prepare to reconcile competing versions of the bill.
Regulatory relief is necessary to help banks better serve customers in West Virginia communities, said Alan Brill, chairman of the West Virginia Bankers Association, in an op-ed in the Charleston Gazette Mail today
In his first official communication to bank CEOs, ABA’s Rob Nichols on Friday stressed the urgent need for regulatory relief and encouraged bankers to join ABA in going all-out to see legislation enacted by year-end. “The overregulation of banking is unsustainable and poses a real and present danger to communities across the country,” Nichols said.
The FDIC on Friday updated its controversial FAQs on identifying, accepting, and reporting brokered deposits and sought comment on the revisions. The document was originally issued in January and caused widespread confusion and frustration at banks as it seemed to broaden the scope of deposits deemed “brokered.” In response to ABA’s concerns, FDIC staff encouraged
House Small Business Committee Ranking Member Rep. Nydia Velázquez (D-N.Y.) today asked the Securities and Exchange Commission and the Consumer Financial Protection Bureau for information on how they regulate the online lending marketplace for small businesses. Noting that online small business lending has doubled in size every year for the past four years, topping $14
ABA and more than two dozen trade groups urged the House and Senate conferees on the highway spending bill to adopt the House’s approach to funding the legislation. The House bill, adopted last week, uses the Federal Reserve’s capital surplus account to pay for highway spending. By contrast, the Senate’s bill, passed in July, includes
In a joint letter to members of Congress today, ABA and others urged House legislators to remove a section from the Senate-passed version of the Cybersecurity Information Sharing Act that would require the Department of Homeland Security and other agencies to independently investigate, assess and offer recommendations to Congress on the cybersecurity and incident reporting capabilities of critical infrastructure entities.
The House today voted 371-54 to approve a long-term highway funding bill. Just prior to passage, the House overwhelmingly approved measures that would remove controversial funding methods from the bill.
By a bipartisan vote of 39 to 16, the House Financial Services Committee today approved H.R. 1309, a bill strongly advocated by ABA that would eliminate the automatic designation of banks as systemically important based solely on asset size.