Legislative Activity

  • September 14, 2018
    Financial trade organizations voiced support for the bill in a Sept. 12 joint letter to the committee. The groups, including the American Bankers Association, the Consumer Bankers Association, and the Credit Union National Association, said they backed committee action on the bill as a step toward comprehensive data breach legislation for all entities that collect and use sensitive personal and...
  • September 12, 2018
    CBA Supports Commonsense House Financial Reform Bills Says passage of reforms will help increase consumer access to regulated financial products WASHINGTON -- The Consumer Bankers Association wrote House Financial Services Committee Chairman Jeb Hensarling (R-Texas) and Ranking Member Maxine Waters (D-Calif.) to express support for several bills the committee is scheduled to consider during...
  • September 7, 2018
    D.C. DOWNLOAD *CBA's thoughts and prayers are with our friends at Fifth Third Bank HQ, the Cincinnati community and all member banks impacted by this tragedy.* CBA Leadership Summit: I have a lot of “favorite times” of the year – CBA LIVE, Executive Banking School, in-person committee meetings… The list goes on. One of them is happening next week here at CBA HQ as the entire team gears up to host...
  • August 31, 2018
    On Tuesday, August 28, 2018, the OCC released its long anticipated advanced notice of proposed rulemaking (ANPR) on methods to modernize and transform the Community Reinvestment Act (CRA). Based on the 25 questions raised in the ANPR, the OCC seems focused on the following areas to modernize CRA: • Increasing lending and services to people and in areas that need it most, including in LMI areas...
  • August 17, 2018
    * This week's guest author is Nick Simpson, CBA's Vice President of Public Affairs D.C. DOWNLOAD & REGULATORY UPDATE Congressional Scheduling Update: August Recess is a time-honored tradition in D.C. as well as a great incentive for Congress to act on must-pass legislation – after all, in Washington the smell of jet fumes is a powerful tool for compromise. The House of Representatives is...
  • June 13, 2018
    Comptroller Joseph Otting today on Wednesday, June 13, 2018, before the House Financial Services Committee to discuss his agenda at the Office of the Comptroller of Currency and other financial industry regulatory matters. Otting outlined the priorities for his time at the OCC, including: Modernizing the Community Reinvestment Act; Expanding short-term, small-dollar lending; Adjusted bank capital...
  • June 8, 2018
    TESTIFYING ON CAPITOL HILL MY TESTIMONY BEFORE THE HOUSE FINANCIAL SERVICES COMMITTEE SUBCOMMITTEE – I WAS ON CAPITOL HILL ON WEDNESDAY TO TESTIFY BEFORE THE HOUSE FINANCIAL INSTITUTIONS SUBCOMMITTEE ON WAYS TO DEPOLITICIZE AND BRING TRANSPARENCY TO THE BUREAU OF CONSUMER FINANCIAL PROTECTION. AS I MENTIONED BEFORE THE COMMITTEE, CBA AND OUR MEMBERS SUPPORT THE MISSION OF THE BUREAU. THERE ARE...