A new report from the Federal Financial Institutions Examination Council (FFIEC) tracks 22 million+ home loan applications, detailing purchase trends across a number of ethnicities.
Read More »Dodd-Frank Reform and Tenant Protections in Foreclosure
On Thursday, President Trump signed Senate Bill 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, into law. The bill, designed evolve and streamline regulations put in place by the 2010 Dodd-Frank Act, was passed by the House of ...
Read More »OCC Spells Regulatory Relief for Banks
Banks and federal savings associations are about to receive some regulatory relief following a review of the Economic Growth and Regulatory Paperwork Reduction Act by federal agencies that happens only once every 10 years.
Read More »House Financial Services Committee Approves Regulatory Relief Bills
At the first legislative markup in 2016, the House Financial Services Committee unveiled 10 bills to help grow the economy through regulatory relief and capital formation the nation’s Main Street businesses.
Read More »Lawmakers Petition NCUA Chair for Regulatory Relief for Credit Unions
A bipartisan group of U.S. Representatives is urging NCUA Chairman Debbie Matz to allow well-run credit unions to qualify for the 18-month exam cycle.
Read More »OCC Recaps Proposals for Regulatory Relief
What proposals did the OCC make in 2015 as part of a multi-agency initiative to provide regulatory relief to depository institutions?
Read More »Bills Seeking Regulatory Relief for Main Street Are Receiving Bipartisan Support
“Throughout this Congress, we have seen examples and heard testimony about how regulatory impediments prohibit job creation, cause consolidation of community financial institutions, and decrease choices for consumers,” said Randy Neugebauer, Chairman of the Subcommittee. “Some of the proposals we have already considered have received bipartisan support.”
Read More »OCC Outlines Proposals Aimed at Eliminating Regulatory Burden for Small Banks
The Office of the Comptroller of the Currency has advanced three specific legislative proposals aimed at eliminating regulatory burden on community banks and financial institutions, according to an address from Comptroller of the Currency Thomas J. Curry at the Interagency Outreach Meeting on The Economic Growth and Regulatory Paperwork Reduction Act (EGRPA) in Chicago this week.
Read More »St. Louis Fed President Says Community Banks Need More Regulatory Relief
While these changes are a step in the right direction Bullard did note, "more could be done. There appears to be some areas where we have sufficient information and experience to warrant additional action."
Read More »Senate Bill Would Give Community Banks a Say in Regulatory Process
U.S. Senators Mike Rounds (R-South Dakota) and Angus King (I-Maine) have introduced a bill that would give community banks, small businesses, and credit unions a say in the Consumer Financial Protection Bureau (CFPB)'s rulemaking process.
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