Tag Archives: federal reserve

Crapo, Tester Call for Simplified Capital, Reporting Requirements

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.

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Fed Survey Finds Increasing Economic Well-Being

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.

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Fed Moves Forward with Executive Compensation Proposal

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.

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Bill Introduced to Address Effects of Fed Dividend Cut

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.”

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House Committee Approves CFPB Budget Reform Bill

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.

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