The Federal Reserve should clarify that agency guidance and other statements not issued via notice-and-comment rulemaking do not establish binding legal standards, Rep. Blaine Luetkemeyer (R-Mo.) said in a letter to Fed leadership yesterday.
Browsing: Exam fairness
For Jim Edwards, a third-generation banker and the chairman and CEO of United Bank Corp. in Zebulon, Ga., community banking is about providing a “high-touch” experience.
In a comment letter to the Consumer Financial Protection Bureau today — the third of 12 the association will submit as part of the bureau’s ongoing feedback initiative — ABA called on the bureau to seek resolution of regulatory violations and compliance management weakness through the supervisory process rather than rushing to enforcement actions.
ABA yesterday welcomed the Federal Reserve’s recently proposed amendments to its appeals process guidelines and urged more action by the Fed to enhance its exam appeals process.
The Federal Reserve is looking at revising both Community Reinvestment Act regulations and the way the agency examines for CRA compliance, Fed Vice Chairman for Supervision Randal Quarles said today.
As part of an ongoing effort to review parts of their safety and soundness exam process, the Federal Financial Institutions Examination Council today issued an update on its progress thus far.
By a bipartisan 283-133 vote, the House today passed H.R. 4545, an ABA-advocated bill that would establish deadlines for banking agencies to issue exam reports and create an independent examination review and appeal process.
The House Financial Services Committee today approved 13 financial services bills, including two supported by ABA.
Although the Justice Department has ended its controversial “Operation Choke Point” initiative, the House tonight overwhelmingly passed a bill that would prevent it from being resurrected.
ABA recently hosted two conference calls with bankers to discuss ways to improve the safety and soundness exam process.