The Consumer Financial Protection Bureau yesterday updated its rulemaking agenda for the remainder of 2018.
Browsing: Reg reform
In response to the FDIC’s recently announced initiative to streamline its Financial Institution Letters and other communications, the American Bankers Association in a comment letter on Wednesday urged the FDIC to withdraw its supervisory expectations with respect to bank overdraft payment programs and to rescind its 2013 guidance on deposit advance programs.
Financial regulators will issue by year-end their proposal exempting highly capitalized community banks from the Basel III capital calculations, as directed by S. 2155, FDIC Chairman Jelena McWilliams told members of the Senate Banking Committee today.
The American Bankers Association yesterday wrote to the Federal Reserve, FDIC and OCC in support of an interim final rule the agencies issued recently 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.
A group of 29 Republican lawmakers wrote to Federal Reserve Vice Chairman for Supervision Randal Quarles today calling on the Fed to act swiftly to de-designate banks with $250 billion or less in assets as systemically important financial institutions.
The FDIC today issued a request for comment on a proposed rule to implement Section 202 of S. 2155, the new regulatory reform law.
The Consumer Financial Protection Bureau issued an interim final rule making changes to two model disclosure forms — summary of consumer rights and summary of identity theft rights — to reflect changes made to the Fair Credit Reporting Act by S. 2155, the new regulatory reform law.
In a letter to Federal Reserve Vice Chairman for Supervision Randal Quarles today, six Republican senators called on the Fed to more closely tailor regulations for banks with more than $100 billion in assets.
When asked to rank eight key provisions of S. 2155 — the new regulatory reform law — based on their likelihood to positively affect their institution, community and midsize bank executives said that the law’s provision amending the Federal Deposit Insurance Act to make most reciprocal deposits non-brokered ranked highest.
During a meeting of the OCC’s Mutual Savings Association Advisory Committee today, OCC senior staff revealed their anticipated timeline for implementing a section of S. 2155 — the new regulatory reform law — that would permit certain federal savings associations to elect the rights and duties of national banks.