CUNA favors cannabis banking measures
Credit Union National Association (CUNA) officials said the organization is backing three proposed bills designed to define institutions’ ability to serve legalized cannabis-based businesses. The...
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ICBA urges regulators not to ease capital standards for large banks
The Independent Community Bankers of America (ICBA) expressed its opposition to a proposal by federal regulators to ease capital standards on global systemically important bank holding companies. T...
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FHFA seeking comments on capital requirements for Fannie, Freddie
The Federal Housing Finance Agency (FHFA) is seeking comments on a proposal that would implement a new framework for capital requirements for Fannie Mae and Freddie Mac and a revised minimum leverage ...
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Financial guide targets elder financial abuse prevention
The American Bankers Association (ABA) Foundation has released a free banker resource guide containing information on ways to strengthen cooperative efforts with law enforcement regarding elder financ...
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ICBA urging federal regulators to enact portions of regulatory relief act
The Independent Community Bankers of America (ICBA) is calling on federal regulators to implement the Economic Growth, Regulatory Relief and Consumer Protection Act. Among its provisions, the bill...
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Mary Jackson
Jackson named new CEO of Online Lenders Alliance
Mary Jackson has been named Online Lenders Alliance (OLA) Chief Executive Officer, which went into effect Monday. OLA officials said Jackson, who succeeds Lisa McGreevy, has 25 years of experience...
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Business Roundtable says short-term guidance should be eliminated for public companies
The Business Roundtable is advocating for public companies to move away from having to provide quarterly earnings per share guidance. The group said that public companies should be managed for long...
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Sarah ten Siethoff
SEC names ten Siethoff associate director for investment management office
Sarah G. ten Siethoff has been named the Security and Exchange Commission’s (SEC) associate director for the Division of Investment Management’s Rulemaking Office. In her new role, ten Siethoff...
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House Financial Services approves six bills, including Insurance Office Reform Act
The House Financial Services Committee approved six bills this week, most of which seek to relax regulations on companies and spur growth. “These measures build on the regulatory relief recently ...
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NACS promoting enhanced credit card security
The National Association of Convenience Stores (NACS) is supporting an effort promoting security across the payments systems. The Secure Payments Partnership (SPP) marks the first time interests re...
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House examines recommendations to alter CFPB
The House Financial Institutions and Consumer Credit Subcommittee held a hearing this week to examine four recommendations made by the acting director of the Consumer Financial Protection Bureau (CFPB...
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ICBA backs legislation for banking cannabis businesses
Independent Community Bankers of America (ICBA) announced its support this week for legislation opening traditional banking systems to cannabis-related businesses. The Secure and Fair Enforcement B...
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Senate advances bill to give SBA more oversight over 7(a) lending program
The U.S. Senate advanced legislation that increases the Small Business Administration's (SBA) oversight authority over the 7(a) small business lending program. The bill -- the Small Business 7(a) ...
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Public comment sought regarding Volcker rule
A group of federal financial regulatory agencies recently sought public input regarding an effort to simplify and tailor the Volcker rule. The manner of adjusting rule compliance requirements was d...
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Consumer bankers lay out concerns about CFPB’s complaint reporting process
The Consumer Bankers Association (CBA) offered some complaints about the Consumer Financial Protection Bureau (CFPB) consumer complaint reporting processes. The comments are in response to a Reques...
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Cease and desist order issued to Vermont cryptocurrency firm
The Irving, California-based cryptocurrency firm LevelNet has received a Vermont cease and desist order for violations related to the state’s Uniform Securities Act. Vermont Department of Financi...
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West Virginia to use National SAFE Mortgage Loan Originator test
The West Virginia Division of Financial Institutions signed on to use the National SAFE Mortgage Loan Originator (MLO) Test with Uniform State Content. With the addition of the West Virginia Divisi...
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Home ownership is primary source of household net worth, according to survey
Recently released survey results revealed homeownership is a primary source of net worth for many Americans and an important step in accumulating personal financial assets over the long term. The S...
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Small businesses see increases in hiring, employee compensation
Employee compensation and hiring numbers are on the rise among small businesses, according to the National Federation of Independent Business’s (NFIB) monthly jobs report. Approximately 35 percen...
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Chyhe Kim Becker
Chyhe Becker named DERA chief economist, acting director
Chyhe Kim Becker has been named the Securities and Exchange Commission’s (SEC) Acting Chief Economist and Acting Director of the Division of Economic and Risk Analysis (DERA). “I am grateful t...
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