Luetkemeyer to Fed: Clarify Use of ‘Guidance’ versus Regs
The Federal Reserve should clarify that agency guidance and other statements not issued via notice-and-comment rulemaking do not establish binding...
Policy
Reps. Pearce, Luetkemeyer Introduce ABA-Backed BSA Reform Bill
Reps. Steve Pearce (R-N.M.) and Blaine Luetkemeyer (R-Mo.) yesterday introduced an ABA-supported bill that would update several elements of the...
Otting: OCC Working on Interagency Consensus on CRA Reform Plans
The OCC is hoping to issue a long-awaited advance notice of proposed rulemaking on the Community Reinvestment Act in the...
ABA Urges Simpler, More Transparent Rulemaking Process at CFPB
The Consumer Financial Protection Bureau should target its rulemaking process more precisely on the consumer harms it seeks to address...
CFPB to Retool Advisory Councils; Dismisses Current Members
The Consumer Financial Protection Bureau announced today that it will relaunch its processes for collecting public feedback.
Senate Passes ABA-Backed SBA 7(a) Reform Bill
By a voice vote, the Senate today passed H.R. 4743, a bipartisan bill that will strengthen the Small Business Administration’s oversight...
Report: CFTC Proposal Would Avert Significant Unnecessary Costs
The Commodity Futures Trading Commission’s proposal yesterday to maintain the swap dealer de minimis threshold at $8 billion on a...
CFTC Proposes Setting ‘De Minimis’ Threshold Permanently at $8B
The Commodity Futures Trading Commission today voted to set the swap dealer de minimis threshold at $8 billion on a...
A Return to Bipartisanship and Banking
Before Dodd-Frank, Congress had a strong track record of working across the aisle when it came to banking issues.
Agencies No Longer Enforcing Volcker Rule for Banks Exempt Under S. 2155
As the FDIC board and the OCC today formally proposed the interagency revisions to the Volcker Rule that were unveiled...
