U Turn: OCC Encouraging Banks to Enter Small-Dollar Loans Business

Posted May 23, 2018

On May 23, 2018, the Office of the Comptroller of the Currency (OCC) encouraged banks to offer responsible short-term, small-dollar installment loans, typically two to 12 months in duration with equal amortizing payments, to help meet the credit needs of consumers.

Houses Passes Landmark Legislation to Roll Back Dodd-Frank Provisions

Posted May 23, 2018

On the evening of May 22, 2018, the House of Representatives voted 258-159 to pass the Senate approved legislation (S. 2155) to roll back some provisions of Dodd-Frank.

NACHA Government Relations Update - May 24, 2018

Posted May 22, 2018

NACHA's Government Relations update provides insight on policy matters at the federal and state level that could impact the ACH Network. In this edition: Houses Passes Landmark Legislation to Roll Back Dodd-Frank Provisions; U Turn: OCC Encouraging Banks to Enter Small-Dollar Loans Business and more.

CFPB Moves Regulation E Changes & Overdraft Regulations Down on Their Priorities List

Posted May 18, 2018

Last week, the new leadership at the CFPB announced their plans for fewer rulemaking, according to their spring 2018 regulatory agenda.

House to Vote Next Tuesday on Senate’s Landmark Bank Deregulation Bill

Posted May 15, 2018

House Republicans announced the House is planning to vote next Tuesday (5/22/18) on the Senate's landmark bank deregulation bill.

Federal Reserve Board of Governors Nominees Go Before Senate Banking Committee

Posted May 15, 2018

On May 15, 2018, the Senate Banking Committee held a hearing to consider the nominations for the two remaining Board seats. Richard Clarida has been nominated to be Vice Chairman of the Board of Governors of the Federal Reserve System and Michelle Bowman as the community banker nominee to be a Member of the Board of Governors of the Federal Reserve System.

NACHA Government Relations Update - May 10, 2018

Posted May 8, 2018

NACHA's Government Relations update provides insight on policy matters at the federal and state level that could impact the ACH Network. In this edition: Gun Sales and Banking and a Preview of the Congressional Work Period – May 2018.

Preview of the Congressional Work Period – May 2018

Posted May 8, 2018

With the House and Senate currently planned to be in session for just 55 total days before the August recess (and the House is scheduled to be in only 40 of those days), Congress comes back for another three-week work period before recessing the last week of the month for Memorial Day.