Lawmakers on the House Financial Services Committee pressed Treasury Secretary Janet Yellen about proposed capital standards for certain banks, saying they worried about the broader economic effects of the rulemaking.
Seven lawmakers on the House Financial Services Committee are seeking a hearing on the nation’s largest credit union following media reports that it had turned down large volumes of mortgage applications from Black applicants.
The Federal Emergency Management Agency issued its long-awaited proposed rule to amend the Standard Flood Insurance Policy, representing the first substantive changes to the policy in more than two decades.
The Federal Reserve, FDIC and OCC published the first in a series of requests for public comment on reducing the regulatory burden for financial institutions.
ABA, the U.S. Chamber of Commerce and five national and state associations sued the Federal Reserve, FDIC and OCC for exceeding their statutory authority with their recent amendments to final rules implementing the Community Reinvestment Act.
The FDIC released guidance today with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of West Virginia and Maine affected by severe storms and flooding.
The Federal Housing Administration issued a final rule to eliminate the Department of Housing and Urban Development’s requirement that a lender or mortgagee register all branch offices used to conduct FHA business.
ABA joined the U.S. Chamber of Commerce and dozens of national and state business groups in a letter urging House lawmakers to strengthen small business input in the Regulatory Flexibility Act.
In a letter to the FDIC, three members of the House Financial Services Committee expressed concern over what they said was the agency’s decision to roll back a program to promote technological innovation in financial services.
More than 97% of the public comments that banking regulators have received on the proposed capital standards for larger banks are in opposition to the rule change or expressed concerns about it, according to an analysis by the law firm Latham and Watkins.