Browsing: Regulatory burden

Cybersecurity

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.

Newsbytes

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.

Community Banking

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.

Human Resources

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.

Ag Banking

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.

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