As financial regulators consider the treatment of high-volatility commercial real estate under the S. 2155 regulatory reform law, the American Bankers Association in a comment letter today urged the agencies to reconsider applying the proposed 150 percent weighting to loans that fall under the statutory “HVCRE ADC” definition.
Browsing: Reg reform
In an American Banker op-ed today, the American Bankers Association called on Congress and the FDIC to reconsider existing brokered deposits rules and regulations and modernize them so that consumers can continue interacting their bank in the manner of their choosing.
The financial regulatory agencies today issued a proposal that would raise the appraisal threshold for residential real estate transactions from $250,000 to $400,000.
The American Bankers Association today called on the OCC to quickly finalize a proposal to implement a new section of the Home Owners’ Loan Act permitting certain federal thrifts to elect the rights and duties of national banks, as mandated by the regulatory reform law S. 2155.
Testifying before the House Financial Services Committee today, Federal Reserve Vice Chairman for Supervision Randal Quarles noted that “the banking sector remains in strong condition… with lending growth, fewer nonperforming loans and strong overall profitability.”
The financial regulatory agencies today proposed changes that would expand the number of banks eligible to file a more streamlined version of the Call Report, as directed by S. 2155, the new regulatory reform law.
After regulators in September issued a joint statement clarifying that regulatory guidance does not have the force and effect of law, the American Bankers Association and the Bank Policy Institute yesterday submitted a rare petition to each agency calling on them to institutionalize the statement by codifying it in a formal rulemaking.
The Federal Reserve today issued its highly anticipated proposed framework for applying enhanced prudential standards to banking firms with $100 billion or more in assets, as required by S. 2155, the regulatory reform law.
Reflecting on a year that saw many positive legislative and regulatory changes for the banking industry, outgoing ABA Chairman Ken Burgess urged bankers to remain engaged in advocacy as these changes are implemented.
In his remarks this morning at the American Bankers Association Annual Convention today, ABA President and CEO Rob Nichols issued a challenge to the industry’s leading core providers, calling on them “to empower banks with the modern, innovative tools they need to compete effectively in today’s marketplace.”