An Advocate for All Reasons
ABA GRC Chairman Jeffrey Ball brings a broad, practical perspective to advocacy.
ABA GRC Chairman Jeffrey Ball brings a broad, practical perspective to advocacy.
American Bankers Association President and CEO Rob Nichols wrote to Senate leaders today to offer the association’s full-throated support for the S. 2155.
In a letter to FDIC Chairman Martin Gruenberg and Federal Reserve Vice Chairman for Supervision Randal Quarles today, ABA encouraged regulators to extend the filing date for upcoming resolution plan — or “living will” — submissions and to consider moving to a biennial schedule generally for banks that are required to submit resolution plans under the Dodd-Frank Act.
Confirming that the U.S.’ Southwest border is at high risk for money laundering activity, the Government Accountability Office found in a recent review that bank branches in that region filed more than twice as many Suspicious Activity Reports than banks in other high risk areas.
Consumer Financial Protection Bureau Acting Director Mick Mulvaney today echoed his previous comments that the CFPB will no longer “push the envelope” with respect to enforcement actions, adding that instead, he envisions a supervisory body that is “mild” but “certain.”
Tailoring regulation based on an institution’s size and risk profile is “at the heart of what we’re doing” at the Federal Reserve, Chairman Jerome Powell affirmed today during testimony before the House Financial Services Committee.
Breaking down the wide-reaching implications of Europe’s new data privacy regulation.
Senate Banking Committee members Ben Sasse (R-Neb.) and Doug Jones (D-Ala.) have signed on as co-sponsors of S. 2155, the bipartisan financial regulatory reform bill expected to receive a Senate vote in the coming weeks.
While welcoming the Federal Reserve’s move toward a principles-based approach to assessing bank boards of directors, ABA today raised several concerns about specific details of the Fed’s August 2017 proposal to streamline its supervisory expectations.
The Consumer Financial Protection Bureau today issued a request for information seeking feedback on its supervision processes — the fourth in an ongoing series of RFIs designed to provide the CFPB with input on how it is fulfilling its statutory requirement to protect consumers.