Browsing: Regulatory burden

Newsbytes Nichols discusses ‘real-world impacts’ of regulatory tsunami

In keynote remarks during ABA’s Wealth Management and Trust Conference in New Orleans, ABA President and CEO Rob Nichols highlighted the association’s efforts to push back against a “tsunami” of regulations facing the banking industry as well as its ongoing advocacy for a number of key initiatives.

Newsbytes Community bankers express concern about CRA rule, regulatory burden

Minutes of the most recent meeting of the Federal Reserve’s Community Depository Institutions Advisory Council show that council members were disappointed with the final rule to modernize how banking agencies assess compliance with the Community Reinvestment Act, finding the rule overly prescriptive and not offering community banks a clear path to meet its expectations.

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