Echoing similar comments from fellow Federal Reserve Governor Daniel Tarullo, Fed Chairman Janet Yellen today told the Senate Banking Committee that the Fed is “very likely” to exempt banks with less than $250 billion in assets from certain elements of the Dodd-Frank Act stress test regime.
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In a letter to Federal Reserve Chair Janet Yellen yesterday, Sens. Mike Crapo (R- Idaho) and Jon Tester (D-Mont.) called for regulators to provide simpler capital rules and reporting requirements for community banks through the Economic Growth and Regulatory Paperwork Reductions Act process, a decennial review now winding down.
House Financial Services Committee Chairman Jeb Hensarling (R-Texas) wrote to the Federal Reserve today urging the agency to “fully cooperate” with the Government Accountability Office’s investigation of the Fed’s capital planning and stress test regimes.
Nearly seven in 10 U.S. households surveyed last fall said they are “doing okay” or “living comfortably,” according to the Federal Reserve’s 2015 Report on the Economic Well-Being of U.S. Households released yesterday.
The Federal Reserve will host a policy forum next Tuesday, May 10, in Washington, D.C., to explore the changing demographic and economic trends affecting housing and community development in rural areas.
The Federal Reserve Board today voted to re-propose the executive compensation rule mandated by the Dodd-Frank Act, prohibiting incentive-based compensation arrangements for executives that the regulators believe could encourage excessive risk-taking behavior.
Reps. Randy Neugebauer (R-Texas) and Pete Sessions (R-Texas) yesterday introduced ABA-advocated legislation (H.R. 5027) that would alter the formula for capital that Federal Reserve member banks must hold with their regional Fed bank, potentially freeing up billions in “dead capital.”
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.
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.