GOP roster announced for House Financial Services Committee
The House Republican Steering Committee today announced GOP members of congressional committees for the 118th Congress.
Browsing: Policy
CFPB proposes public registry of nonbank contract terms
The Consumer Financial Protection Bureau this week proposed creating a public registry of terms and conditions in non-negotiable, nonbank contracts that claim to waive a customer’s ability to take certain actions, such as petitioning for bankruptcy or suing the company
ABA announces recent hires on congressional relations team
The American Bankers Association today announced several new and recent additions to its congressional relations team.
Powell: Federal Reserve not ‘climate policymaker’
Barring congressional action, it would be inappropriate for the Federal Reserve to use monetary policy or supervisory tools to promote a greener economy or achieve other climate-based goals, Fed Chairman Jerome Powell said this week.
ABA urges Labor Department to reconsider QPAM proposal
The American Bankers Association this week reiterated concerns about proposed amendments to Prohibited Transaction Exemption 84-14, known as the Qualified Professional Asset Manager exemption, in a letter to the U.S. Department of Labor.
FTC proposes ban on noncompete clauses
The Federal Trade Commission this week proposed a new rule to ban the use of noncompete clauses in employee contracts.
OCC: U.S. banks remain resilient
The federal banking system remains resilient despite a recent dip in profitability as pandemic-related economic aid phased out, with banks able to use that strength to support their customers and the national economy, the OCC said this week in its annual report to Congress.
Agencies issue regulatory agenda addressing overdraft, NSF fees, other issues
The Biden administration today issued its Fall 2022 Semiannual Regulatory Agenda—a semiannual listing of rulemakings that departments and agencies expect to initiate or continue during the next six months.
ABA cautions against new rules for large bank failures
Potential new regulatory requirements to cushion the economic effects of certain large bank failures would not result in real benefits to the financial system or the public, ABA said today in a letter to Federal Reserve and FDIC.
FOMC minutes: Members worried about market reaction to rate hike slowdown
At their December meeting, Federal Open Market Committee members agreed that further increases in the…