ABA-Advocated Tailored Regulation Bill Passes House Committee
By a bipartisan 34-22 margin, the House Financial Services Committee today advanced the ABA-advocated TAILOR Act.
By a bipartisan 34-22 margin, the House Financial Services Committee today advanced the ABA-advocated TAILOR Act.
In a letter to the House Financial Services Committee today, ABA urged members of Congress to vote in favor of the TAILOR Act, which would direct financial regulators to tailor regulatory actions based on the sizes, business models, risk profiles and other differentiating characteristics of the institutions they supervise.
ABA is urging all bankers to sign its petition for regulatory relief for America’s hometown banks.
Incoming ABA President and CEO Rob Nichols appeared on CNBC’s “Squawk Box” this morning to discuss the importance of regulatory relief for banks and industry unity in confronting challenges to bankers.
In her opening remarks for the St. Louis Fed’s third annual Community Banking Research and Policy Conference, Federal Reserve Chairman Janet Yellen emphasized the importance of tailored regulation of banks with different asset bases and business models.
Thanks to banker grassroots advocacy, bills ABA is advocating as part of its Agenda for America’s Hometown Banks are racking up bipartisan co-sponsors in Congress.
Rural banks face a number of challenges that are compounded by unnecessary, outdated and excessively burdensome regulations, Comptroller of the Currency Thomas Curry said today at the fourth of five outreach meetings for the decennial Economic Growth and Regulatory Paperwork Reduction Act review.
The Senate Appropriations Subcommittee on Financial Services today approved a spending bill for fiscal year 2016 that includes the text of the ABA-backed financial reform bill introduced earlier this year by Sen. Richard Shelby (R-Ala.).
Building on its partnership with the state bankers associations, ABA is urging bankers to ask their representatives to co-sponsor the TAILOR Act, H.R. 2896, which would direct financial regulators to tailor regulatory actions based on the sizes, business models, risk profiles and other differentiating characteristics of the institutions they supervise.
ABA yesterday wrote to Rep. Scott Tipton (R-Colo.) to thank him for introducing the TAILOR Act, H.R. 2896, which would direct financial regulators to tailor regulatory actions based on the sizes, business models, risk profiles and other differentiating characteristics of the institutions they supervise.