The House Financial Services Committee voted 59-1 last week to approve a bill that better defines which types of loans must comply with the high value commercial real estate acquisition, or HVCRE, reg...
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The Federal Reserve, on behalf of the Governance Framework Formation Team, announced the 27 members of an industry short-term work group that will focus on developing a governance framework for faster...
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The Office of the Comptroller of the Currency (OCC) released this week an updated list of permissible activities for national banks and federal savings associations. The publication titled, Activit...
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The Taking Account of Institutions with Low Operation Risk (TAILOR) Act has garnered approval from the House Committee on Financial Services and advanced to the House floor. Rep. Scott Tipton (R-CO...
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The House Subcommittee on Digital Commerce and Consumer Protection held a hearing last week to examine cross-border data flow policies and the impact of digital trade barriers on U.S. businesses. ...
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Legislation that directs the Securities and Exchange Commission (SEC) to accelerate cybersecurity risk controls to prevent future hacker attacks was advanced by the House Financial Services Committee ...
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The House Financial Services Committee approved a bill last week that would prohibit federal agencies from requesting a financial institution to terminate a banking relationship unless the regulator h...
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Rep. Patrick McHenry (R-NC) recently introduced a measure designed to amend the Fair Credit Reporting Act by allowing national security freezes for consumer files and credit records. The Promoting ...
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Reps. Charlie Dent (R-PA) and Frank Lucas (R-OK) introduced legislation that would change the quorum requirement to allow the Export-Import Bank to authorize deals over $10 million. The Export-Imp...
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The House advanced Wednesday the Small Business Innovation Research and Small Business Technology Transfer Improvements Act (H.R. 2763), which calls for greater transparency from the Small Business Ad...
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The U.S. House approved legislation this week that calls on the National Institute of Standards and Technology (NIST) to provide small businesses with guidance to help them identify, assess, manage an...
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ATTOM Data Solutions released a report this week revealing that third-quarter foreclosure activity is down 13 percent from the previous quarter and 35 percent from a year ago. The Q3 2017 U.S. Fore...
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The National Association of Insurance and Financial Advisors (NAIFA) endorsed Tuesday a bill introduced in the House designed to help identify, report, and stop senior financial abuse. The Senior S...
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The Independent Community Bankers of America (ICBA) called on the Federal Deposit Insurance Corporation (FDIC) to deny Square Financial Services Inc.’s federal deposit-insurance application as an in...
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Members of the House Energy and Commerce Committee are questioning why the Internal Revenue Service (IRS) signed a $7.25 million contract with Equifax just weeks after it was revealed that the credit ...
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A national poll released Wednesday showed that Americans believe passing a tax reform bill should be a top priority for Congress. Polling conducted by Morning Consult for the Financial Services Rou...
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The Consumer Financial Protection Bureau’s (CFPB) new payday lending rule, which requires lenders to determine upfront whether people can afford to repay their loans, has drawn criticism from the Co...
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Sen. John Hoeven (R-ND) discussed his plan for tax reform at a roundtable with local small businesses in North Dakota last week, outlining tax reform principles and gathering input from business leade...
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The U.S. Department of the Treasury released a report last week that details how to streamline and reform the U.S. regulatory system for the capital markets to promote growth while eliminating some Do...
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Results of a survey released this week found that 59 percent of Americans trust banks most to keep their payments safe. Morning Consult, which conducted the survey on behalf of the American Bankers...
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