Bankers should be aware of current and impending cybersecurity and privacy regulations.
Expect major changes in the coming months.
The use of disparate impact has been curtailed by the Supreme Court but the CFPB has not acknowledged those holdings.
After a two-year COVID interruption, Texas bankers made the trek to Washington, D.C. and visited with congressional members and staff on key priorities related to the banking industry.
President Biden’s appointees in a number of agencies have talked about the need for action on climate change and the goal of maximizing diversity, equity and inclusion.
For the last 88 years it has functioned independently with the chair setting the agenda for each meeting. That has all changed.
TBA's engagement strategy matured in 2021 and we were able to influence the legislation. This was a good exercise and perhaps a preview of what’s in store for Texas bankers in 2022. A significant political year lies ahead.
The new office will further promote private sector investments in low- and moderate-income communities and expand collaboration with mission-driven banks.
Community banks will be next in line to produce this type of data for their federal regulators.
On Sept. 1, the bureau published a 918-page notice of proposed rulemaking for Section 1071 of the Dodd-Frank Act.
The pressure will be on regulators to accomplish what the legislative branch could not.
Texas bankers remember the focus put on fair lending examinations during the Obama era.
Regulations are nothing new to financial organizations. In fact, the consensus is whether it’s a traditional bank or a modern fintech startup, they are among the most heavily regulated businesses already — and have been for some time.
To pay for the infrastructure bill, Biden is proposing increases in corporate taxes, income taxes and taxes on capital gains.
Was the 87th Regular Session as different as we thought it would be?
Six months into his administration, Biden has veered toward the hard left and is getting accolades from the same progressives who were skeptical of his leadership.
Conventional wisdom and the pundits predicted that the 87th Regular Session would be a low bill session. With more than 7,001 bills filed to date, the pundits have been proven wrong.
In addition to dealing with the pandemic, President Biden has two other policy goals he campaigned on: the need for greater diversity, equity and inclusion in all aspects of American life and the fight against climate change.
President Biden, federal agencies and Congressional allies will propose a number of challenges to Texas banking.
With Democrats running the executive branch and both houses of Congress, the momentum is with the progressive left. New Yorker Chuck Schumer will be the new Senate Majority Leader and Democrats will chair all committees.
Just when we thought we had survived the worst of the Dodd-Frank Act, the CFPB has released an outline of various proposals to create a HMDA-like regime for small business lending.
Despite logistical concerns and operational challenges, 87th Legislature set to tackle budget, redistricting, criminal justice reform and other priorities
From the perspective of community bankers, gridlock is a good thing. The unknown is how far left the federal banking agencies will go but I anticipate that many actions will be challenged in the courts.
Will Congress do anything to help small businesses? There is currently a standoff on another round of COVID spending. Most likely, it will depend on which party wins the presidency and which party controls the Senate.