ABA to CFPB: Process for Overdraft Study, Forms Falls Short
The Consumer Financial Protection Bureau must base its studies of overdrafts on current, rigorous data and adopt any new disclosures...
Policy
In First Step to Simplify Capital Rules, Agencies Pause Basel III Phase-In for Most Banks
The Federal Reserve, FDIC and OCC today issued a proposed rule that would pause the transition to the Basel III...
OCC Issues Guidance on Programs for Home Loans with Over 100 Percent LTV
Noting that in many communities persistently depressed home prices are hindering recovery, the OCC today issued guidance for OCC-regulated banks...
ABA’s Carney: It’s Time to Revisit Leverage Ratio
As currently designed, the supplementary leverage ratio for the largest banking organizations risks harming banks’ role as a safe haven...
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...
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,...
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