Browsing: Call Report

Compliance and Risk

In a comment letter to the Federal Reserve yesterday, the American Bankers Association expressed support for the Federal Reserve’s ongoing effort to better align the reports that bank holding companies, savings and loan holding companies, U.S. intermediate holding companies and securities holding companies are required to file with the FFIEC Call Report.

Compliance and Risk

The American Bankers Association today responded to the regulatory agencies’ request for comment on further revisions to the Call Report that would simplify the report for banks by removing or consolidating a number of existing data items, reducing the reporting frequency for other data items and increasing certain reporting thresholds.

Community Banking

House Financial Services Committee Chairman Jeb Hensarling (R-Texas) today released the latest legislative text of his Financial Choice Act, a 600-page bill aimed at rolling back and reforming parts of the Dodd-Frank Act’s extensive supervisory regime, as well as providing regulatory relief for banks of all sizes.

Newsbytes

Speaking at a legal event in Washington, D.C., today, Federal Reserve General Counsel Scott Alvarez outlined several issues the agency will focus on in 2017, including certain regulatory relief measures and the entrance of nonbank fintech companies into the Federal Reserve System.