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S. 2155 Passes With Bipartisan Support

By a vote of 258 to 159, the U.S. House of Representatives just passed S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act. The bipartisan bill included 33 yea votes from Democratic congressman.

S. 2155 to Get Long-Awaited House Vote Tomorrow

The House is scheduled to vote tomorrow on S. 2155, the bipartisan financial regulation bill that passed the Senate in March. With many misleading claims about the bill circulating on Capitol Hill, ABA is asking all bankers to make a final grassroots

FinCEN Temporarily Suspends Beneficial Ownership Requirements for Automatic Renewal Products

The Financial Crimes Enforcement Network announced yesterday that it is temporarily suspending the application of the beneficial ownership requirements for certificate of deposit rollovers and loans that renew automatically.

Fed Nominees Support Reg Reform, Maintaining Safety and Soundness

In testimony before the Senate Banking Committee yesterday, Federal Reserve Board nominee Michelle Bowman offered support for more closely tailored regulation for community banks.