In a letter to the OCC today, the American Bankers Association offered support for several proposed rule changes, including those sought by the association during the Economic Growth and Paperwork Reduction Act feedback process.
As part of its ongoing actions to implement regulatory relief identified by the decennial Economic Growth and Regulatory Paperwork Reduction Act review, the OCC today proposed several rule changes and sought comments on prospective changes sought by ABA during the EGRPRA feedback process.
While noting that it appreciates the bank regulators’ intent in their recent proposal to raise the thresholds at which bank directors or other management officials are prohibited from serving at more than one depository institution or holding company—and expressing support for an inflation-indexed increase in the thresholds—ABA today cautioned against an arbitrary asset threshold for defining a community bank.
The FDIC today issued a final rule to rescind Part 350 from the Code of Federal Regulations, removing an annual disclosure requirement that was duplicated by data publicly available on the FDIC’s website.
The financial regulatory agencies today issued a joint proposal to raise the threshold at which bank directors or other management officials are prohibited from serving at more than one depository institution or holding company.
The financial regulatory agencies today issued a proposal that would raise the appraisal threshold for residential real estate transactions from $250,000 to $400,000.
The federal banking agencies today finalized additional technical revisions to the Call Report, which will take effect June 30, 2018.
The House today passed three regulatory reforms supported by the American Bankers Association.
The House Financial Services Committee today passed a number of ABA-advocated bills.
The American Bankers Association today wrote to members of the House Financial Services Committee in support of several bills scheduled for consideration tomorrow.