GAO: Banking agencies lack processes for determining success of regulatory reviews
While federal law requires banking agencies to review their regulations every decade to identify and address unnecessary burdens, the agencies ...
Tag: Regulatory burden
FFIEC reaffirms efforts to boost de novo bank formation
The Federal Financial Institutions Examination Council released a statement reaffirming its members’ commitment to promoting de novo bank formation by ...
ABA, BPI urge Fed to modernize regulatory tailoring thresholds
The Federal Reserve should recalibrate the tailoring thresholds for economic growth and inflation since 2019 – when the Fed’s tailoring ...
ABA provides feedback on proposed OCC regulatory rollbacks
ABA said it supported a proposal by the Office of the Comptroller of the Currency to rescind or amend regulations ...
House passes bills to streamline community bank reg burden
The TRUST Act and SMART Act would raise the threshold to $6 billion in assets for well-managed, well-capitalized banks to ...
Agencies finalize changes to community bank leverage ratio
Federal banking agencies finalized interagency rulemaking to expand the eligibility criteria for the community bank leverage ratio, adopting changes first ...
ABA supports deregulatory approach in proposed CFPB strategic plan
The CFPB's new focus on reversing regulatory overreach and reducing unnecessary regulatory burdens will help make financial services more affordable ...
Trump orders regulatory overhaul to promote housing finance, construction
The White House today ordered federal regulators to roll back or tailor regulations to expand access to mortgages and spur new ...
Fed to hold public hearing on reducing regulatory burden
The Federal Reserve will hold a hybrid public hearing in March as part of a congressionally mandated review to identify ...
White House: CFPB has cost consumers billions of dollars
Since 2011, the CFPB has cost consumers between $237-$369 billion as financial institutions were forced to pass on their increased ...
