THIS WEEK: Agencies talk reg relief; Brainard speaks in MI; NCUA Board agenda out

Questions about rulemaking under the recently enacted regulatory relief law – with the first hearing set to feature appointees to the four bank and credit union agencies by the current president – will get at least a few answers in the week ahead. The coming week also brings a look at the economic outlook, the credit union regulator’s next board meeting and more.

Here’s a brief run-down:

Wednesday

  • Federal Reserve Board Gov. Lael Brainard speaks at the Detroit Economic Club Luncheon (Detroit, Mich.) on the “Economic and Monetary Policy Outlook.” Her speech is scheduled for 12:45 p.m. ET.

Thursday

  • Financial regulators are set to testify before the Senate Banking Committee (scheduled 10 a.m. ET) on progress implementing the Economic Reform, Regulatory Relief and Consumer Protection Act (EGRRCPA, S. 2155). Witnesses are Joseph M. Otting, Comptroller, Office of the Comptroller of the Currency (OCC); Randal K. Quarles, Vice Chairman for Supervision, Board of Governors of the Federal Reserve System; Jelena McWilliams, Chairman, Federal Deposit Insurance Corp. (FDIC); J. Mark McWatters, Chairman, National Credit Union Administration (NCUA).
  • The credit union regulator releases the NCUA Board open meeting agenda for Sept. 20.
  • The first-ever Financial Regulatory Agencies’ Diversity and Inclusion Summit takes place at the Federal Reserve Bank of New York, set to run from 8 a.m.-12:30 p.m. ET. The summit is being jointly hosted by the Offices of Minority and Women Inclusion from NCUA, OCC, the Fed Board, FDIC, and the Securities and Exchange Commission.
  • FDIC’s San Francisco Region holds a 2018-2019 Community Banker Workshop, “Managing Compliance Risks.” The workshop is provided by the FDIC Division of Depositor and Consumer Protection and will look at the regulatory environment and how the FDIC conducts compliance examinations.

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