Welcome to the ABA Banking Journal newsletter, a free, twice-monthly supplement to the ABA Banking Journal magazine intended to help you stay on top of industry and policy news.
You can also stay abreast of banking news by visiting aba.com/BankingJournal, home to ABA Daily Newsbytes and other email bulletins.
Policy News
Thomas Donohue, president and CEO of the U.S. Chamber of Commerce, today issued a full-throated defense of the banking industry and its role in helping American businesses grow. In a speech at the Nasdaq Stock Market in New York, Donohue called for Congress and regulators to lighten the regulatory burden on banks of all sizes that he said has limited financing for all kinds of companies and stymied growth. "Don’t forget that Wall Street and Main Street are inextricably linked," he said. "They depend on each other." (ABA Banking Journal)
Visit http://bankingjournal.aba.com/2016/06/u-s-chambers-donohue-calls-for-financial-reg-relief/ to view the full article online.
|
The state bankers associations wrote to federal regulators and the Appraisal Qualifications Board today urging action to address a critical shortage of qualified appraisers in rural areas by reforming the criteria necessary to become qualified. A combination of retirements among appraisers, declining young populations in rural areas and the lengthy appraiser training process has resulted in a crunch. (ABA Banking Journal)
Visit http://bankingjournal.aba.com/2016/06/state-associations-urge-action-on-rural-appraiser-shortage/ to view the full article online.
|
Comptroller of the Currency Thomas Curry reaffirmed his agency’s commitment to promoting responsible innovation within the financial industry in a speech at the OCC’s Responsible Innovation Forum today in Washington. Curry said that innovation that helps better meet the needs of consumers — whether by banks, fintech firms or partnerships between the two — strengthens the industry as a whole. (ABA Banking Journal)
Visit http://bankingjournal.aba.com/2016/06/curry-occ-committed-to-responsible-innovation/ to view the full article online.
|
The American Bankers Association today wrote to the House Small Business Committee urging Congress to block the Department of Labor’s final overtime rule from taking effect. The rule — which increased the salary level used to determine whether employees are exempt from overtime pay under the Fair Labor Standards Act from $23,660 to $47,476 — is set to take effect on Dec. 1. (ABA Banking Journal)
Visit http://bankingjournal.aba.com/2016/06/aba-repeats-call-for-congress-to-block-overtime-rule/ to view the full article online.
|
Training
July 13-15
New York, NY
September 18-20
Scottsdale, AZ
September 19-21
Charleston, SC
|
|