In remarks yesterday at a meeting of community development bankers, FDIC Chairman Jelena McWilliams highlighted several ongoing initiatives at the agency to strengthen and sustain the nation’s community banks, including the highly anticipated reform of the Community Reinvestment Act regulations.
Browsing: Reg reform
The federal banking agencies today issued a final rule implementing an ABA-advocated provision of S. 2155 that expands the pool of what counts as high-quality liquid assets under the Liquidity Coverage Ratio.
ABA joined seven other financial trade associations on Friday in a letter urging the Department of Labor to propose regulations to expand the use of electronic delivery for retirement plan disclosures and notices.
The OCC has issued a long-awaited final rule implementing a new section of the Home Owners’ Loan Act permitting certain federal stock and mutual savings associations to elect the rights and duties of national banks.
The heads of the banking agencies told lawmakers that they expect to have regulatory changes from the S. 2155 regulatory reform law implemented by year-end.
The American Bankers Association yesterday offered feedback to the Consumer Financial Protection Bureau on its planned rulemaking on of residential Property Assessed Clean Energy loans.
In an address during ABA’s Emerging Leaders Forum today, Rep. Trey Hollingsworth (R-Ind.) made a plea for tailored regulation that would allow banks of all sizes and models to compete on a level playing field.
The FDIC today approved a joint agency proposal to exclude central bank deposits from the denominator of the supplementary leverage ratio for banking organizations predominantly engaged in custody banking activities.
Ahead of yesterday’s House Energy and Commerce Committee hearing and today’s Senate Commerce Committee hearing — both on data privacy — ABA submitted statements for the record urging lawmakers to enact uniform national privacy standards that preempt the existing patchwork of state laws.
As the agencies prepare to finalize the framework for the community bank leverage ratio, the FDIC has issued a proposal for how it will assess banks for deposit insurance that elect to use the CBLR framework.