- Expand the number of banks eligible for the 18-month exam cycle.
- Equalize the SEC registration and de-registration thresholds for savings and loan holding companies.
- Reduce the burden of unnecessary privacy notice paperwork.
- Expand Trups CDO relief for smaller bank holding companies.
- Establish a process for designating an area rural for purposes of Consumer Financial Protection Bureau exemptions.
ABA has strongly voiced its continued opposition to the Federal Reserve Bank dividend cut included in the highway bill as a revenue raiser. While the final version exempts more banks than originally proposed, it was opposed by a unified banking industry as setting a dangerous precedent.
Negotiations continue in the Senate on the spending bill due this week, and ABA continues its Pass Reg Relief Now campaign urging senators to pass reg relief either through the spending bill or as a standalone measure. ABA is this week running ads on drive-time radio in the D.C. area, in copies of the Washington Post delivered to Capitol Hill and in Politico's popular morning financial newsletter. Bankers in town for ABA leadership meetings will also advocate in person on Capitol Hill.