Washington Update

Senators Introduce MBA-Opposed Legislation Expanding Durbin Amendment

Senate Reconciliation Package Does Not Include Bank Tax Provisions

OCC Releases Infographics to Assist Bankers in Understanding Proposed CRA Rules

SBA Now Accepting Requests for Loan Reviews from PPP Borrowers

FDIC Clarifies Brokered Deposit Reporting Rules in Statement, New FAQs

OCC Seeking Candidates Mutual and Minority Depository Institution Advisory Committees

Freddie Mac Hosting Free Webinar on Condominium Project Eligibility Requirements on August 2

Fed Vice Chair Calls for Crypto Regulation

Michael Barr Confirmed as Fed Vice Chairman for Supervision

Banks Encouraged to Join ABA’s #BanksNeverAskThat Anti-Phishing Campaign

CFPB Issues Advisory Opinion on Pay-to-Pay and Convenience Fees

Regulators Issue Statement Reiterating Due Diligence Expectations

Regulatory Agencies Hosting Flood Insurance Q&A Webinar July 27

FDIC Proposes Increasing Deposit Insurance Assessments

CFPB Requesting Bank Overdraft Information

MBA Joins State Banking Associations on ESG Letter to Regulatory Agencies

FinCEN Issues Advisory on Increasing Threat of Elder Financial Exploitation

House to Consider Credit Union Charter Expansion Bill; Banker Contacts with Congress Needed

FinCEN Seeking Comment on No-Action Letter Plan

Fed Announces Second CECL Tool for Community Banks will Launch June 16

FDIC Hosting Virtual Sessions for New Bank Directors

FDIC Considering Deposit Insurance Assessment Increase

CFPB Makes Changes to Office of Innovation; States Focus will be on ‘Promoting Competition’

FDIC Hosting Virtual Sessions for New Bank Directors

House Financial Services Committee Advances CU Expansion Bill; MBA Joins State Associations in Opposition

Fed Issues Final Rule on FedNow Service

CFPB Releases Interpretive Rule on State Enforcement Authority

Senate Confirms Powell to Second Term as Fed Chair

CSBS Announces Death of President & CEO John Ryan

MBA Bankers Attend ICBA’s Capital Summit

Regulators Release CRA Modernization Proposal

MBA Joins State Bankers Associations in Opposing Durbin Amendment Expansion

FHFA to Mandate Supplemental Consumer Information Form for Fannie/Freddie Loans

FHLBank Boston Announces 2022 Affordable Housing Plan (AHP) Application Period

President Nominates Michael Barr for Fed Vice Chairman for Supervision

CISA Issues Alert on Russian State-Sponsored and Criminal Cyber Threats to Critical Infrastructure

Regulators Hosting Webinar on Computer-Security Incident Notification Rule on April 28

MBA Joins State Bankers Associations in Opposing New CU Powers

Secretary Yellen Says Digital Asset, Crypto Firms Need “Appropriate Oversight”

FDIC Asks Banks to Provide Notice of Crypto-Related Activities

FHFA Requires Suspension of Foreclosure Activities for Borrowers Requesting HAF Assistance

FDIC Releases Supervisory Insights with Discussion on Representment Issue

House Financial Services Committee Holds Hearing on Overdraft Programs; CFPB Indicates Possible Regulatory Action

FDIC Issues Bank Merger RFI

Justice Department Issues Website Accessibility Guidance

President Signs Omnibus Spending Bill Containing Language Addressing LIBOR Contracts; Other Banking Provisions

Raskin Withdraws Fed Nomination; Other Nominees Clear Senate Banking Committee

CFPB Enhancing Fair Lending, UDAAP Supervision

MBA Bankers Attend ABA’s Washington Summit, Mutual Forum, and Emerging Leaders Forum

FinCEN Calls for Financial Institution Vigilance on Russian Attempts to Evade Sanctions

President Biden Signs Digital Assets, CBDC Executive Order

Biden Administration Announces Broad Economic Sanctions against Russia

CFPB Announces Automated Valuation Model (AVM) Rulemaking Proposals

Registration for ABA Washington Summit and ICBA Capital Summit Now Open

Regulators Hosting Virtual Community Reinvestment Conference