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FDIC Chair McWilliams Testifies Before Senate Banking Committee: On May 15, FDIC Chairman Jelena McWilliams testified with other agency heads before the Senate Banking Committee. In her testimony, McWilliams discussed the , which has not changed since 1991.
CFPB Proposes to Raise HMDA Reporting Thresholds: The in early May to provide relief for smaller institutions from the HMDA data collection and reporting requirements. The proposal would increase the coverage threshold for closed-end mortgage loans from 25 loans to either 50 or 100.
Fed Report: Bank Capital ‘Well Above Regulatory Requirements’: Earlier this month, the Federal Reserve on regulatory and supervisory activities for banking companies, finding continued health and soundness of the industry.
CFPB Seeks Feedback on Regulatory Review, Overdraft Rule: The detailing how it will periodically review regulations as required by the Regulatory Flexibility Act, which requires agencies to conduct a decennial review of certain rules and consider their effects on small businesses.
Memmbers in the Community
Finally, a chance for us to shine a spotlight on the many contributions our members are making in their community:
We are now accepting registrations for our fall programs, including the. These programs are purposely kept small to maximize students’ time with instructors, so make sure to register early. We’ve also just opened registrations for our newest educational offering, the , which will begin in September.
Registration is also open for the, July 10-12 at Suncadia Resort in Cle Elum.
If you have news or events to share, please do not hesitate to contact our office.