Treasury Secretary Jack Lew faced questions from members of the Senate Appropriations Committee about regulatory relief for the nation’s community banks today during a financial services subcommittee hearing about the administration’s budget request.
The Federal Reserve last week proposed to establish aggregate credit exposure limits for banks and holding companies with more than $50 billion in assets.
The Consumer Financial Protection Bureau today invited comments on new agency procedures by which businesses can appeal the CFPB’s designation of a rural or underserved area.
The House Judiciary Committee today passed a bill that would create new provisions in the federal bankruptcy code to wind down a failing large bank with more than $50 billion in assets.
The Dodd-Frank Act has resulted in a 14.5 percent reduction in the revolving credit available to consumers in the form of credit cards and other credit renewed as loans are paid off, according to an analysis released today by the American Action Forum.
The Federal Reserve Board today issued a final rule, as required by the Dodd-Frank Act, specifying procedures and requirements for emergency lending under the Federal Reserve Act.
Incoming ABA President and CEO Rob Nichols appeared on CNBC’s “Squawk Box” this morning to discuss the importance of regulatory relief for banks and industry unity in confronting challenges to bankers.
The House Financial Services Committee is scheduled to meet tomorrow to begin voting on several bills that are part of ABA’s Agenda for America’s Hometown Banks.
Reversing a lower court decision, a three-judge panel of the D.C. Circuit Court of Appeals on Friday allowed key parts of a constitutional challenge to certain provisions of the Dodd-Frank Act to proceed.
ABA President and CEO Frank Keating appeared on “Bloomberg Surveillance” today to discuss the fifth anniversary of Dodd-Frank and make the case for strategic reforms to the overall law.