Browsing: Reg reform

Newsbytes

ABA President and CEO Rob Nichols, along with senior ABA staff, discussed key issues and regulatory concerns in a roundtable meeting with new CFPB Director Kathy Kraninger and key members of her staff on Thursday. Representatives from the Independent Community Bankers Association and two national credit union trade groups also participated. Participants discussed industry concerns about

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House Financial Services Committee Ranking Member Patrick McHenry (R-N.C.) wrote to Chairman Maxine Waters (D-Calif.) today urging her to hold hearings on a number of critical financial services issues, including several American Bankers Association priorities. 

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The OCC yesterday announced revisions to its guidelines on recovery planning for the large financial institutions it regulates. Specifically, the agency has increased the threshold at which banks are covered by the guidance from $50 billion to $250 billion, and it has decreased the time within which a bank should comply with the guidelines from

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In a move long sought by ABA, the FDIC today issued an advanced notice of proposed rulemaking on brokered deposits and the national rate cap. ABA has been actively engaged with the FDIC on the need to revise the regulations so that they accommodate modern banking and don’t discourage healthy banks from gathering deposits. Written over