Quarles: Fed Engaged on CRA Reform; Seeking to Avoid ‘Gotcha’ Supervision
The Federal Reserve is looking at revising both Community Reinvestment Act regulations and the way the agency examines for CRA...
Compliance and Risk
Agencies Issue Update on Exam Modernization Effort
As part of an ongoing effort to review parts of their safety and soundness exam process, the Federal Financial Institutions...
Basel Committee Proposes Technical Amendments to Pillar 3 Disclosures
The Basel Committee today issued a proposed technical amendment to bank disclosure requirements in light of new expected credit loss...
CFPB Seeks Information on Inherited Regulations and Rulemaking Authorities
The Consumer Financial Protection Bureau has issued a request for information seeking feedback on its inherited regulations and inherited rulemaking...
House Committee Passes Three ABA-Backed Bills
The House Financial Services Committee today approved three ABA-backed bills.
GAO: CRA Statute Could Be Expanded to Include Credit Unions
The Government Accountability Office last week released a report outlining recommendations to further incentivize financial institutions to provide banking services...
The Weeble Wobble Bureau
In 2017, the Consumer Financial Protection Bureau suffered several setbacks in court, but each time, the agency bobbed back up...
Court Overturns FCC Rules on Autodialing Technology, Reassigned Numbers
In a win for ABA and other industry stakeholders, a federal appellate court today set aside some of the Federal...
Appeals Court Vacates Fiduciary Rule
A panel of federal judges today vacated the Department of Labor’s fiduciary rule in its entirety, overturning a lower court...
ABA Seeks Clarifications on Fed’s Proposed Large Bank Risk Management Guidance
ABA today asked the Federal Reserve to provide additional clarity around its proposed guidance setting forth core principles for effective...
