Fed, FDIC Delay Deadline for Most ‘Living Wills’ to 2017
The Federal Reserve and FDIC today announced that they are delaying the deadline to file resolution plans, or “living wills,”...
Policy
State Associations Call on Senators to Support TAILOR Act
All 52 state associations wrote to senators today urging them to co-sponsor the TAILOR Act, which would direct financial regulators...
ABA Supports NCUA Effort to Modernize Data Collection
In a comment letter to the National Credit Union Administration today, ABA expressed support for NCUA’s effort to review and...
Uncleared Swap Margin Exemptions Finalized for Small Banks and End Users
The federal banking agencies are issuing a final rule affirming that swaps and security-based swaps that are not cleared through...
Under Criticism, FDIC Amends Exam Appeals Process
The FDIC board today voted to propose amendments to its supervisory guidelines that would expand banks’ rights to appeal exam...
CFPB Proposes Feedback Mechanism for Consumer Complaint Handling
The CFPB today announced plans to change the “dispute” function in its consumer complaint database to allow complainants to take...
FinCEN Expands Scope of Geographic Targeting Orders
The Financial Crimes Enforcement Network today expanded the scope of its Geographic Targeting Orders temporarily requiring certain U.S. title insurance...
Study: Community Banks Persist in Mortgage Servicing
Community financial institutions have expanded their share of the mortgage servicing market since 2008, even as new servicing rules and...
Senators Urge Tailored Regulations for Community, Regional Banks
A bipartisan group of 70 senators wrote to the Consumer Financial Protection Bureau yesterday, calling on the agency to exempt...
ABA Op-Ed: Efforts to Simplify Basel Could Add Greater Complexity
Regulators’ efforts to simplify Basel III’s already-complex capital requirements could layer on additional complexity as new rules are issued, ABA...
