An examination of federal efforts to combat money laundering will continue this week as senators hold their second hearing on the subject in the past week, while House members mark up more “regulatory relief” legislation. […]
Opinions were split on how the Federal Reserve can (or should) be reformed during testimony before a House subcommittee, in consideration of several bills proposing changes to the central bank. The hearing before the House […]
Proposed “regulatory relief” legislation in the House won ringing endorsements from a banker, while a consumer advocate took a less complimentary view of the proposals, during testimony Tuesday before a House subcommittee. The hearing in […]
A difference of opinion over whether federal anti-money laundering systems are broken, or not, emerged during a Senate Banking Committee hearing Tuesday – but both sides called for some adjustments going forward. Dennis Lormel, a […]
Three hearings on regulatory reform – including legislation addressing the structure of federal financial institution regulation and effectiveness of anti-money-laundering laws – will be held in the House and Senate Tuesday, according to schedules posted […]
Federal banking agencies would be required to publish a rationale and comprehensive cost-benefit analysis of the differences between their proposed regulation and the “corresponding international prudential standard” under legislation approved by a House panel Wednesday. […]
Legislation that would require federal banking agencies to provide banks or credit unions written justification of any request to terminate or restrict a customer’s account (except for national security) was passed by the House Monday. […]
Bank regulators lauded financial institution “regulatory relief” legislation approved Tuesday by the Senate Banking Committee, the vice chairman of the Federal Deposit Insurance Corp. (FDIC) board offering suggestions for tweaking the measure. The Senate panel […]
Thirty-two items under five sections are outlined under Senate financial institution regulatory relief, as sponsored Monday by eight Republicans, eight Democrats and one independent. A key portion of the regulatory relief package: Section 401, which […]
About half of the 23 bills set to be marked up Tuesday by the House Financial Services Committee would have an impact on federal financial institution regulators, particularly the Federal Reserve, according to a committee […]
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