Hensarling to Focus on Reg Reform, Terrorism Financing in 2016
House Financial Services Committee Chairman Jeb Hensarling (R-Texas) will unveil major financial reform legislation in early 2016, according to news reports today.
House Financial Services Committee Chairman Jeb Hensarling (R-Texas) will unveil major financial reform legislation in early 2016, according to news reports today.
Seventy-five House Republicans and Democrats — including the chairmen of the committees on energy and commerce, financial services and science and technology — wrote to leaders of the congressional intelligence committees today opposing the controversial Section 407 of the Cybersecurity Information Sharing Act passed by the Senate.
ABA sent letters to the House yesterday expressing its support for two bills the House Financial Services Committee is expected to vote on today.
President Obama on Friday signed a long-term highway bill that included several regulatory relief provisions long advocated by ABA.
The OCC today updated its Comptroller’s Handbook to include new information regarding its risk assessment system, clarifying several concepts and definitions and providing further guidance for examiners.
In remarks at yesterday’s Economic Growth and Regulatory Paperwork Reduction Act outreach meeting in Arlington, Va., Federal Reserve Governor Daniel Tarullo pointed to the possibility of changing the Basel III capital calculations and reporting to minimize the burden on highly-capitalized community banks — as ABA has long advocated.
A final rule from the Department of Labor raising the exemption threshold for overtime pay could come as early as July 2016, according to the DOL’s semiannual regulatory agenda released last week.
The banking agencies are revisiting the dollar thresholds for their appraisal requirements, FDIC Chairman Martin Gruenberg said in Arlington, Va., today at the final outreach meeting for the decennial Economic Growth and Regulatory Paperwork Reduction Act review.
The Consumer Financial Protection Bureau today released several resources to help banks and other entities understand their obligations under the Home Mortgage Disclosure Act and Regulation C.
A group of senators and representatives today issued a reconciled version of a long-term highway funding bill that includes a modified but still substantial cut to the dividends paid on the Federal Reserve Bank stock that national banks and other Fed member banks are required to hold.