The American Bankers Associatin today wrote to the Consumer Financial Protection Bureau in support of its plan to review rules that have or will have a significant economic impact upon a substantial number of small entities.
ABA today offered support for a proposed pilot program by the OCC that would allow banks to test innovative products and programs.
The Commodity Futures Trading Commission yesterday issued a no-action letter to allow certain amendments to legacy swaps—those that were executed prior to the compliance date for the CFTC’s uncleared swap margin rule—without losing their status as legacy swaps.
With Vice Chairman for Supervision Randal Quarles scheduled to testify on Capitol Hill next week, the Federal Reserve today released its second report on its regulatory and supervisory activities for banking companies.
In the wake of the Federal Reserve’s biennial financial stability report released yesterday, which flagged leveraged loans as a risk factor, Fed Vice Chairman for Supervision Randal Quarles suggested that media reports overplayed the scale of the risk, especially to banks.
The Consumer Financial Protection Bureau will take the next step in its effort to clarify the meaning of “abusive acts or practices” under Section 1031 of the Dodd-Frank Act, CFPB Director Kathy Kraninger said today in her first public remarks.
Senate Banking Committee Chairman Mike Crapo (R-Idaho) and committee member Jerry Moran (R-Kan.) on Friday called for the banking agencies to set the community bank leverage ratio at 8%.
A Q&A with ABA SVP Ryan Rasske on the latest professional development and technology trends shaping the compliance function.
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 OCC today proposed to amend its assessment rules to provide partial refunds to national banks, federal thrifts and federal branches of foreign banks that leave OCC jurisdiction before the end of the six-month assessment period.