Latest Headlines

CFPB Outlines Principles for Third-Party Data Access (10/19/2017) 
The Consumer Financial Protection Bureau yesterday issued nine guiding principles for protecting consumers that choose to share their financial data with third parties and data aggregators.
 
State Associations Call for Continued Bipartisan Work on Reg Reform (10/17/2017) 
Fifty-one state bankers associations yesterday wrote to members of the Senate Banking Committee encouraging lawmakers to continue pursuing the goal of bipartisan regulatory reform.
 
Cohn Slams Arbitrary Thresholds, Hints at $200B+ SIFI Level as Compromise (10/17/2017) 
Congressional leaders and the Trump administration are working on a plan to raise the asset threshold for systemically important financial institutions to at least $200 billion, Gary Cohn said yesterday at ABA’s Annual Convention -- while emphasizing
 
Top Trump Adviser: President Close to Filling Community Bank Seat on Fed Board (10/17/2017) 
The White House is close to naming a community banker to the Federal Reserve Board of Governors, National Economic Council Director Gary Cohn told ABA’s Annual Convention yesterday in Chicago.
 
Revised OCC Exam Policy Aligns Ratings with CRA Purposes (10/13/2017) 
The OCC has changed its Community Reinvestment Act supervision policies to ensure a “logical nexus” between banks’ CRA-related activities and CRA performance evaluation ratings and to give “full consideration” to banks’ efforts to take corrective act
 
House Panel Passes Eight ABA-Backed Bills (10/13/2017) 
The House Financial Services Committee yesterday advanced eight ABA-backed regulatory reform bills, including several that ABA and the state bankers associations have long championed as part of ABA's Blueprint for Growth.
 
Three in Four U.S. Voters Say Tax Reform Should Be Priority for Congress (10/11/2017) 
Nearly three-fourths of U.S. registered voters believe that passing tax reform should be the top or an important priority for Congress, according to a new survey conducted by Morning Consult for the Financial Services Roundtable.
 
As Former CEO Testifies, Equifax Reveals More Breach Victims (10/4/2017) 
Equifax on Monday disclosed that data of an additional 2.5 million Americans was implicated in its recent data breach, bringing the total number of U.S. consumers affected to 145.5 million.
 
White House, Congressional Leaders Release Tax Reform Framework (9/28/2017) 
The Trump administration and congressional leaders yesterday released a joint framework for tax reform.
 
Agencies Issue Regulatory Capital Simplification Proposal (9/28/2017) 
The federal banking agencies yesterday issued a proposed rule that would simplify the complex Basel III regulatory capital calculations for all but the very largest banks.
 
ABA Supports Basel III Pause, Recommends Changes to Capital Framework (9/21/2017) 
ABA yesterday submitted comments on a recent joint proposal by regulators to pause the transition to the Basel III capital framework for banks not using the Basel advanced approaches.
 
CFPB Harmonizes Regs B and C (9/21/2017) 
The Consumer Financial Protection Bureau yesterday modified the Equal Credit Opportunity Act (Regulation B) to provide flexibility for lenders around the collection of applicants’ demographic data under the Home Mortgage Disclosure Act (Regulation C)
 
Four Arkansas Community Development Banks Receive Critical Funding to Stimulate Economic Growth Thro (9/21/2017) 
The US Department of Treasury’s Community Development Financial Institutions (CDFI) Fund awarded $3.5 million to four Arkansas banks this week for reinvestment in distressed communities to support small business lending and promote affordable housing
 
CFPB Proposes Changes to Publicly Reported HMDA Data (9/21/2017) 
The CFPB yesterday issued policy guidance on the loan-level Home Mortgage Disclosure Act data it will make available to the public under the revised HMDA data collection rules, which take effect in 2018.
 
ABA Urges Support for Hurricane Irma Relief Effort (9/18/2017) 
ABA President and CEO Rob Nichols on Friday announced that the association will contribute $100,000 for Hurricane Irma relief, as it did a few weeks ago after Hurricane Harvey.
 
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