Regulatory Compliance & Agency Engagement

  • October 10, 2018
    On Wednesday, October 10, 2018, the OCC, the Board of Governors of the Federal Reserve, the FDIC, the Farm Credit Administration, and the Federal Housing Finance Agency (collectively, the agencies) issued a bulletin regarding a final rule in the Federal Register to amend their regulations regarding the minimum margin and capital requirements for registered swap dealers, major swap participants,...
  • October 10, 2018
    On Wednesday, October 10, 2018, the OCC, the Board of Governors of the Federal Reserve, the FDIC, the National Credit Union Administration, and the state regulators issued a press release to recognize the serious impact of Hurricane Michael on the customers, members, and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject...
  • October 5, 2018
    D.C. DOWNLOAD CBA CFPB Committee & Small Business Committee In-Person Meetings: This week, CBA HQ hosted two more in-person committee meetings: CFPB and its subcommittee, Consumer Complaints, as well as Small Business! Below are updates: CFPB: CBA’s CFPB Committee focuses on all Bureau-related issues and such as enforcement, regulatory coordination and data collection. We thanked Cindy Reeves...
  • September 18, 2018
    Although leaders understand that automation can help more efficiently and effectively measure and address ethics and compliance risks, more than half of the 206 U.S. chief information officers (CIOs) and chief compliance officers (CCOs) surveyed by KPMG indicate they are not yet automating their compliance activities. And, while 90 percent plan to increase funding for automation, just 1 in 5 has...
  • September 12, 2018
    September 12, 2018 The Honorable Jeb Hensarling The Honorable Maxine Waters Chairman Ranking Member House Financial Services Committee House Financial Services Committee 2129 Rayburn House Office Building 2129 Rayburn House Office Building Washington, D.C. 20515 Washington, D.C. 20515 Dear Chairman Hensarling and Ranking Member Waters: The Consumer Bankers Association (CBA) appreciates the...
  • 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 12, 2018
    CBA Announces Board Leadership Team, Sets Advocacy Agenda for Upcoming Year Todd Barnhart of PNC Bank becomes chair; Nitin Mhatre of Webster named Chair-Elect Listen to Barnhart discuss CBA’s Priorities, Changes in Industry Regulations Over the Last Decade on CBA’s Suite 550 Podcast, Available Here WASHINGTON – Heading into its 100th year, the Consumer Bankers Association (CBA) has elected Todd...
  • September 10, 2018
    During a recent interview, incoming CBA Board Chair, Todd Barnhart of PNC Bank, discussed our legislative and regulatory priorities for the upcoming year. CBA will shift its lobbying efforts to focus primarily on federal regulators rather than lawmakers. At the CBA, which represents dozens of large and midsize institutions, one particular focus is the recently launched process of modernizing the...

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