Government Relations Policy Updates

HFS Subcommittee Hearing: “Examining the BSA/AML Regulatory Compliance Regime”

Posted June 30, 2017

On June 28, 2017, the House Financial Services Subcommittee on Financial Institutions and Consumer Credit held a hearing entitled “Examining the BSA/AML Regulatory Compliance Regime”.

House Financial Services & General Government Appropriations Subcommittee Releases FY2018 Legislation

Posted June 30, 2017

The House Financial Services and General Government Appropriations Subcommittee has released the FY2018 bill.

White House Taps Key Senate Aide for Treasury Rescue Mission

Posted June 27, 2017

The White House intends to nominate Chris Campbell, staff director for the Senate Finance Committee GOP, to serve as assistant Treasury secretary for financial institutions.

Senate Releases Discussion Draft Re: Replacing Parts of AHCA

Posted June 23, 2017

On June 22, 2017, The Senate released a discussion draft of legislation that would replace parts of the Affordable Health Care Act.

Federal Reserve to Make Stress Testing More Transparent

Posted June 21, 2017

On June 16, 2017, Federal Reserve Chair Janet Yellen sent a letter to Rep. Blaine Luetkemeyer (R-Mo.), stating that the Fed will make its stress testing for banks more transparent.

NACHA Hosts Capitol Hill Day

Posted June 13, 2017

On June 8, 2017, NACHA hosted its annual Capitol Hill Day in Washington D.C.

Treasury Report Highlights Need for Regulatory Relief

Posted June 13, 2017

On June 12, 2017, The U.S. Department of the Treasury issued its first in a series of reports to President Trump examining the United States’ financial regulatory system and detailing executive actions and regulatory changes that can be immediately undertaken to provide regulatory relief for U.S. financial institutions. 

Financial CHOICE Act Clears House

Posted June 13, 2017

On June 8, 2017, the House passed the Financial CHOICE Act by a nearly party-line vote of 233 to 186 with only one GOP member voting against the bill (Walter Jones of North Carolina).

Durbin Amendment Repeal Dropped from CHOICE Act in House

Posted May 26, 2017

House Republican leaders will drop language from a sweeping bank deregulation bill that would have eliminated a cap on debit card swipe fees.

NACHA Attends Reception at the British Embassy

Posted May 26, 2017

Bill Sullivan of NACHA was the guest of Sir Kim Darroch, the British Ambassador to the United States, at a reception on May 24, 2017, as a result of NACHA’s work with British Embassy staff on an introduction to the U.S. payments system.