Members of the Federal Reserve’s Community Depository Institutions Advisory Council — which includes several ABA member bank CEOs — raised concerns over the difficult regulatory landscape facing community banks in a recent meeting, according to minutes released by the Fed.
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The House voted by a bipartisan 247-171 margin to pass an ABA-advocated bill expanding the regulatory relief offered under the Federal Reserve’s small bank holding company policy statement.
The House Financial Services Committee voted by a 33-20 margin to advance ABA-backed legislation that would stop direct funding of the CFPB by the Federal Reserve and instead subject the bureau to the regular congressional appropriations process.
Americans’ expectations for how much more they will spend next year fell in March to 3.4 percent, declining from 4 percent in February, according to the Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations.
The U.S. financial regulatory structure could be streamlined to improve effectiveness, according to a report published yesterday by the U.S. Government Accountability Office.
The Federal Reserve today released financial statements — independently audited by KPMG — for the combined system.
ABA this week met with the White House’s Office of Management and Budget to discuss the Department of Labor’s pending fiduciary rule, which redefines who counts as a fiduciary under the Employee Retirement Income Security Act.
The Federal Reserve’s Faster Payments Task Force is inviting payment innovators to submit capabilities that can support end-to-end faster payments solutions to its Capability Showcase, a web forum where solutions providers can share new technologies and ideas.
The Federal Reserve today announced the 12 regional Federal Reserve Banks’ chairmen and deputy chairmen for 2016.