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ABA Calls for Full Common Equity Tier 1 Capital Adjustment for CECL (7/17/2018) 
As banks prepare to implement the Current Expected Credit Loss standard, ABA called on financial regulators to provide for a complete and ongoing adjustment of common equity tier 1 capital for the effects of CECL until a new capital regime can be fin
Agencies Issue Volcker Rule Overhaul Proposal (7/17/2018) 
The federal financial regulatory agencies published in the Federal Register a long-awaited set of proposed changes to the Volcker Rule that are expected to simplify the rule’s compliance burden and better target its effects toward intended activities
Agencies Issue Statements on Implementing S. 2155’s HMDA Reporting Exemptions (7/6/2018) 
The CFPB, FDIC, & OCC each issued statements acknowledging the partial exemptions granted under S. 2155 for certain Home Mortgage Disclosure Act data reporting requirements for some insured depository institutions.
ABA Calls for CFPB to Embrace Financial Education Responsibilities (7/5/2018) 
In response to the Consumer Financial Protection Bureau’s eleventh of 12 requests for information, ABA issued a comment letter on Tuesday encouraging the CFPB to broaden the scope of the financial education it provides and promotes.
House Approves 2018 Farm Bill (6/22/2018) 
By a narrow vote of 213 to 211, the House passed the 2018 farm bill, a crucial step toward ensuring the well-being of the nation’s farmers and ranchers and the 2,000 farm banks that serve them.
Lawmakers Seek Clarity from Sessions on ADA, Website Accessibility (6/22/2018) 
A group of 103 lawmakers on Wednesday wrote to Attorney General Jeff Sessions seeking further clarity on how the Americans with Disabilities Act applies to websites.
President Trump Signs Bill to Improve SBA 7(a) Loan Program (6/22/2018) 
President Trump signed into law an ABA-backed bill to strengthen the Small Business Administration’s oversight of its loan programs and increase maximum lending authority.
Federal Judge Rules CFPB’s Structure Unconstitutional (6/22/2018) 
A federal judge ruled that the Consumer Financial Protection Bureau’s structure -- a single powerful director who cannot be removed at will by the president -- is unconstitutional.
Bank Economists: Growth to Reach 2.8 Percent in 2018 (6/22/2018) 
Economic growth will hit 2.8 percent for 2018, the fastest rate of growth in the current expansion, according to the ABA Economic Advisory Committee.
HUD Issues Request for Public Comment on Disparate Impact Regulation (6/20/2018) 
HUD is formally seeking public comment on whether its rule implementing the Fair Housing Act's discriminatory effects standard is consistent with the Supreme Court decision in Texas Department of Housing and Community Affairs v. Inclusive Communities
Reps. Pearce, Luetkemeyer Introduce ABA-Backed BSA Reform Bill (6/14/2018) 
Reps. Steve Pearce and Blaine Luetkemeyer introduced an ABA-supported bill that would update several elements of the Bank Secrecy Act and other anti-money laundering laws and regulations.
Otting: OCC Working on Interagency Consensus on CRA Reform Plans (6/14/2018) 
The OCC is hoping to issue a long-awaited advance notice of proposed rulemaking on the Community Reinvestment Act in the coming weeks.
Federal Agencies Arrest 74 Scammers in Connection With ID Theft (6/12/2018) 
A coordinated effort by the departments of Justice, Homeland Security and Treasury, the U.S. Postal Inspection Service and other partners led to the arrest of 74 individuals in the U.S. and abroad in connection with recent business email compromise s
ABA Raises Concerns about Proposed Changes to FHLB Affordable Housing Program (6/12/2018) 
In a comment letter to the Federal Housing Finance Agency on Friday, ABA called on FHFA to reconsider its approach to modifying the Federal Home Loan Bank Affordable Housing Program.
ABA Publishes Timeline Highlighting Effective Dates of S. 2155 Provisions (6/8/2018) 
To help bankers keep track of when various provision will take effect, ABA has created a timeline of the bill's effective dates.
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