In a recent letter to the Consumer Financial Protection Bureau, more than 100 bankers from across the country called on the bureau to revise the TILA-RESPA Integrated Disclosure rule to exempt single-family residential construction loans from onerous disclosure requirements that have created confusion for consumers and caused many banks to exit the market.

Reciprocal deposits can help banks succeed and keep local money working locally.

In the latest in its series of comment letters to the Consumer Financial Protection Bureau responding to the bureau’s 12 requests for information, ABA emphasized the important role of clear and agency-binding guidance in facilitating compliance with regulations and added that guidance should not be used as a basis for enforcement actions.

Giving her first public remarks since becoming FDIC chairman two weeks before, Jelena McWilliams today previewed several elements of her agenda at an industry conference in Washington, D.C.

The Federal Reserve Board today approved a final rule limiting the amount of credit exposure that the nation’s largest banks can have to each other and to other counterparties.

The Federal Reserve should clarify that agency guidance and other statements not issued via notice-and-comment rulemaking do not establish binding legal standards, Rep. Blaine Luetkemeyer (R-Mo.) said in a letter to Fed leadership yesterday.

The Consumer Financial Protection Bureau should target its rulemaking process more precisely on the consumer harms it seeks to address and do so in a clear, simple and transparent manner, ABA said in a comment letter to the bureau today.

Before Dodd-Frank, Congress had a strong track record of working across the aisle when it came to banking issues.

President Trump today signed S. 2155 -- which was passed earlier this week by a bipartisan majority in the House -- into law.

Signaling a significant shift in the OCC’s approach to small-dollar lending, the agency today issued a bulletin encouraging banks to make “responsible short-term, small-dollar installment loans, typically two to 12 months in duration with equal amortizing payments” to help meet the credit needs of their customers.