The American Bankers Association and all 52 state bankers associations on Friday wrote to the heads of the financial regulatory agencies urging regulators to finalize immediately the regulatory deduction portion of their recent proposal aimed at simplifying the complex Basel III capital calculations.
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Before Dodd-Frank, Congress had a strong track record of working across the aisle when it came to banking issues.
The Federal Reserve Board today unanimously voted to propose a long-awaited set of changes to the Volcker Rule that is expected to simplify the rule’s compliance burdens and better target the rule’s effects toward intended activities.
In a landmark moment for post-crisis banking policy, the House today passed S. 2155, the Senate’s bipartisan regulatory reform bill.
Ahead of the House vote today that will determine the fate of S. 2155 — the bipartisan Senate regulatory reform package — ABA President and CEO Rob Nichols said that the bill “is a huge, important step forward — we hope the first of additional steps — to modernize and appropriately tailor the supervisory framework.”
Opponents of S. 2155 are spreading “misinformation” about what S. 2155 — the bipartisan regulatory reform bill set for a vote tomorrow — does to the Home Mortgage Disclosure Act, a California banker wrote in a Sacramento Bee op-ed today.
For Jim Edwards, a third-generation banker and the chairman and CEO of United Bank Corp. in Zebulon, Ga., community banking is about providing a “high-touch” experience.
The House will vote on S. 2155, the bipartisan financial regulatory reform bill advanced by the Senate in March, while the Senate will take up a set of bills passed by the House Financial Services Committee, according to an agreement announced by House Speaker Paul Ryan (R-Wis.) today.
House Majority Leader Kevin McCarthy (R-Calif.) said today that he expects the House to pass S. 2155, the bipartisan financial regulatory reform bill, sometime in May.
House Financial Services Committee Chairman Jeb Hensarling (R-Texas) today signaled that he may drop efforts to amend S. 2155, the bipartisan regulatory reform bill passed by the Senate last month.