JOBS Act 3.0 – Regulatory Report

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[ July 28, 2021 ] Powell: Fed work on CRA rules can do better at raising flow of credit to lower-income households than lowering capital standards The Fed
[ July 28, 2021 ] Bank, credit union regulators to testify before Senate Banking next week FDIC
[ July 28, 2021 ] CFPB says new online tool helps pandemic-affected renters, landlords find payment assistance CFPB
[ July 27, 2021 ] OCC raises profile of acting on climate change risk with appointment of risk officer, membership in global group OCC
[ July 27, 2021 ] Consumers start to borrow more, but not those at extreme ends of range CFPB

House-passed spending bill includes FI provisions; includes 2-year delay on CU capital rule

July 19, 2018 0

The House on Thursday completed consideration and passed a House appropriations financial services bill nearing that reflects provisions similar to some contained in the recently unveiled JOBS Act 3.0, including modifications of banking organizations’ living […]

Powell: Fed work on CRA rules can do better at raising flow of credit to lower-income households than lowering capital standards

July 28, 2021 0

Tools being used by the Federal Reserve and other regulators – including revamping of federal anti-redlining regulations – are effective methods for pushing more credit into lower income households, and not necessarily lowering capital standards for banks, the chair of [...]
Bank, credit union regulators to testify before Senate Banking next week

July 28, 2021 0

Three federal bank and credit union regulators are slated to testify next Tuesday before a Senate Banking Committee hearing, “Oversight of Regulators: Does our Financial System Work for Everyone?” Those scheduled to testify include Todd Harper, chairman of the National [...]
CFPB says new online tool helps pandemic-affected renters, landlords find payment assistance

July 28, 2021 0

An online tool aimed at helping renters and landlords affected by the COVID-19 pandemic find and apply for payment or assistance for rent, utilities, and other expenses was unveiled Wednesday by the federal agency charged with consumer financial protection. The [...]