Bowman: Credit unions, nonbanks should be subject to same regulatory expectations as banks
Credit unions and other nonbanks should be subject to the same regulatory and supervisory expectations as banks if they are ...
Tag: Regulatory burden
Report: Regulators handed out more penalties in first half of 2024
The number of alleged consumer protection violations and financial offenses increased in the first half of 2024, although the total ...
Fed’s Bowman: Regulators should revisit supervisory thresholds for banks
Regulators should rethink whether the current supervisory thresholds for banks remain adequate or whether those metrics should be instead be ...
House Small Business Committee advances ABA-backed regulatory reform bill
The House Small Business Committee advanced legislation to strengthen federal standards that require regulatory agencies to consider the economic effects ...
Business groups urge lawmakers to strengthen regulatory review law
ABA joined NFIB and 48 associations in urging the House lawmakers to support legislation to strengthen a federal law requiring ...
Hsu: ‘Systemically important’ domestic banks may require heightened oversight
Acting Comptroller of the Currency Michael Hsu suggested that banking agencies may want to consider creating a heightened regulatory and ...
ABA, associations: FCC should drop bank safety rating requirement for rural broadband program
ABA joined other bankers associations in urging the FCC to discontinue its requirement that banks obtain certain types of Weiss ...
Banking agencies seek public feedback on regulatory burden
Banking agencies published their second request for public comment on reducing the regulatory burden for financial institutions, focusing on consumer ...
European Union adopts new limits on artificial intelligence
The European Union has adopted what it characterizes as the world’s first comprehensive law on artificial intelligence, which bans some ...
Supreme Court overturns legal test for deferring to agency interpretations
In a 6-3 decision, the U.S. Supreme Court overturned the longstanding “Chevron deference,” which instructs courts to defer to a ...
