Justice Department Formally Ends ‘Operation Choke Point’
In a letter to House Judiciary Committee Chairman Bob Goodlatte (R-Va.) yesterday, a Department of Justice official formally confirmed that...
Policy
BAFT Outlines Priorities for Modernizing U.S. Trade Policy
As the Trump administration considers strategies for modernizing U.S. trade policy, BAFT -- ABA’s global transaction banking subsidiary -- wrote...
SBA Seeks Feedback on Burdensome, Excessive Regulations
In response to President Trump’s executive order requiring all federal agencies to reduce regulatory burden, the U.S. Small Business Administration...
Lawmakers Call for Formal Clarification for Banks on ‘Operation Choke Point’
A group of Republican lawmakers wrote to the heads of the Department of Justice, Federal Reserve and OCC today asking...
Fannie, Freddie Fail Stress Tests
Fannie Mae and Freddie Mac could need upwards of $100 billion in bailout funds if faced with another financial crisis,...
OCC Requests Comment on Volcker Rule Improvements
The OCC today issued a request for comment on revisions to the Volcker Rule.
Warner Introduces Bill to Address Buying, Selling of Bank Loans
Sen. Mark Warner (D-Va.) last week introduced an ABA-supported bipartisan bill clarifying that legally made bank loans may be resold...
OCC’s Noreika Highlights ‘Unintended Consequences’ of Arbitration Final Rule
Acting Comptroller of the Currency Keith Noreika today expressed concern over the Consumer Financial Protection Bureau’s controversial final arbitration rule,...
White House, Lawmakers Issue Joint Statement on Tax Reform
The six lead negotiators on tax reform today issued a joint statement on how they plan to move forward with...
Mnuchin Underscores Tailored Regulatory Approach
Testifying before the House Financial Services Committee today, Treasury Secretary Steven Mnuchin outlined his recommendations for financial reform, including tailoring...
