Reps. Steve Pearce (R-N.M.) and Blaine Luetkemeyer (R-Mo.) yesterday introduced an ABA-supported bill that would update several elements of the Bank Secrecy Act and other anti-money laundering laws and regulations.

The OCC is hoping to issue a long-awaited advance notice of proposed rulemaking on the Community Reinvestment Act in the coming weeks, Comptroller of the Currency Joseph Otting said today, and it has been waiting in order to build consensus with other banking agencies.

The House today passed three regulatory reforms supported by the American Bankers Association.

In a comment letter to the Federal Reserve yesterday, the American Bankers Association expressed support for the Federal Reserve’s ongoing effort to better align the reports that bank holding companies, savings and loan holding companies, U.S. intermediate holding companies and securities holding companies are required to file with the FFIEC Call Report.

The Consumer Financial Protection Bureau’s Consumer Advisory Board will hold two subcommittee calls in the coming weeks, both of which are open to the public.

The Internal Revenue Service on Thursday issued a notice providing guidance to lenders on reporting mortgage insurance premiums treated as qualified residence interest.

In a comment letter to the Financial Accounting Standards Board today, ABA offered its full support for a proposal to adjust regulatory capital balances that were unexpectedly affected by the new tax reform law.

The House tonight passed an ABA-backed bill that would ease reporting burdens associated with the expanded Home Mortgage Disclosure Act data collection.

The Financial Accounting Standards Board has issued a staff Q&A signaling that it would not object to private companies and not-for-profit organizations applying a recent Securities and Exchange Commission staff accounting bulletin that addresses several key financial reporting issues that resulted from the tax reform bill.

The federal regulatory agencies today announced that they will move forward with several proposed revisions to the Call Report for which the American Bankers Association has long advocated.