Government Relations Policy Updates

Senate Banking Committee Hearing: “Domestic and International Policy Update”

Posted May 19, 2017

On May 18, 2017 the Senate Banking Committee held a hearing entitled “Domestic and International Policy Update” and featured lines of questioning on regulatory relief for community banks, housing finance reform and housing guarantees, beneficiaries of tax reform and several political issues such as the status of Keith Norieka at the OCC and methods of scoring tax relief legislation.   

Letter on Swipe Fee Vote Gains Signatures

Posted May 18, 2017

Rep. Ted Budd (R-NC) is gathering signatures for a letter to House GOP leaders that would urge them to let Members vote on whether to repeal the debit card fee cap known as the Durbin Amendment.

Trump Signs Executive Order on Strengthening the Cybersecurity of Federal Networks and Critical Infrastructure

Posted May 17, 2017

On May 11, 2017, President Donald Trump signed a long-delayed cybersecurity executive order that is expected to launch sweeping reviews of the federal government’s digital vulnerabilities and directs agencies to adopt specific security practices.

House Passes American Health Care Act of 2017

Posted May 5, 2017

On May 4, 2017, the House of Representatives passed H.R. 1628, the American Health Care Act of 2017.

H.R. 10 – The Financial CHOICE Act, Clears House Financial Services Committee

Posted May 5, 2017

On May 4, 2017, H.R.10, The Financial CHOICE Act passed the House Committee on Financial Services by a vote of 34-26.

White House Issues Executive Order Re: American Technology Council

Posted May 4, 2017

On May 1, 2017, the White House issued an

Keith Noreika Named Acting Comptroller of the Currency

Posted May 4, 2017

On May 3, the Treasury Department

Comptroller Curry Speaks Re: Fintech – Says Banking Must Continue to Evolve

Posted April 28, 2017

On April 28, 2017, Comptroller of the Currency Tom Curry gave a speech which called out the banking industry’s need to keep current with technology and innovation, and aimed to defend the OCC’s efforts to encourage such growth.
 

CFS Hearing – “A Legislative Proposal to Create Hope and Opportunity for Investors, Consumers, and Entrepreneurs”

Posted April 27, 2017

On April, 26, 2017, The Committee on Financial Services held a hearing entitled “A Legislative Proposal to Create Hope and Opportunity for Investors, Consumers, and Entrepreneurs.”

GAO Report - Financial Technology: Information on Subsectors and Regulatory Oversight

Posted April 27, 2017

On April 19, 2017, the Government Accountability Office (GAO) released the first in a planned series of reports on the growing and wide-ranging fintech industry.