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.
In an American Banker op-ed today, ABA EVP Wayne Abernathy questioned the effectiveness of the more than two dozen regulatory capital requirements that banks are subject to and highlighted the need for greater tailoring.
The FDIC today issued a final rule to rescind Part 350 from the Code of Federal Regulations, removing an annual disclosure requirement that was duplicated by data publicly available on the FDIC’s website.
An imprecise way of talking about a regulatory reform bill is leading to industry confusion.