Several bills pending in Congress represent “sensible regulatory changes” that will help banks of all sizes grow the economy, wrote California Bankers Association President and CEO Simone Lagomarsino in an Orange County Register op-ed today.

The Federal Reserve today proposed a new supervisory rating scale for large bank holding companies with more than $50 billion in assets.

The OCC today issued a request for comment on revisions to the Volcker Rule.

Testifying before the House Financial Services Committee today, Treasury Secretary Steven Mnuchin outlined his recommendations for financial reform, including tailoring capital requirements, reducing regulatory overlap, remedying the Volcker Rule and making the Consumer Financial Protection Bureau more accountable.

During his confirmation hearing today, Randal Quarles -- President Trump’s nominee to serve as Federal Reserve vice chairman for supervision -- endorsed the concept of tailored supervision that ABA has done much to work into the policy conversation over the past several years.

As the debate over financial regulatory reform now shifts to the Senate, 52 state associations today called on Senate leadership to support a bipartisan reg relief bill that would help create economic growth and improve the availability of credit to consumers.

The heads of the regulatory agencies are expected to endorse various proposals for regulatory relief tomorrow in a hearing in the Senate Banking Committee.

Regulations based on asset size are “inappropriate and needlessly burdensome” for many banks with non-complex business models, and ultimately lead to higher costs and fewer choices for consumers, ABA said in written testimony submitted for a Senate Banking Committee hearing on regulatory relief for midsize and regional banks today.

The Treasury Department tonight issued a 150-page report making dozens of recommendations for how Congress and regulatory agencies can streamline bank regulation in a way that promotes economic growth.

The House today passed the Financial Choice Act by a mostly party line vote of 233 to 186 (one Republican, Rep. Walter Jones of North Carolina, voted against).