Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
ABA to Challenge Volcker Rule Trust-preferred Securities Provision
WASHINGTON (12/26/13)--The American Bankers Association is reportedly planning to challenge trust-preferred securities provisions of the Volcker rule, Politico reported this week.

Exemptions are needed, the bankers told Federal Reserve Chairman Ben Bernanke, Federal Deposit Insurance Corp. Chairman Martin Gruenberg and Comptroller of the Currency Thomas Curry. The banker group is planning a lawsuit if no action is taken on exemptions.

The bankers encouraged regulators to suspend portions of the Volcker rule that treat trust-preferred security debt interests as covered fund ownership interests.


RSS print
News Now LiveWire
#Iowa Housing Authority honors #creditunion's mortgage commitment #NewsNow http://t.co/97me6ziPFa
14 hours ago
Adams to Zimmerman: Don't let your name define your financial decisions via @ndn http://t.co/kPVgQaDFNo
17 hours ago
Calif. ride-sharing law protects #creditunion collateral #NewsNow #System http://t.co/kXAAmbQgKO
18 hours ago
New offices mean moving sale at @TheKCUA https://t.co/xaof5SJkmE
19 hours ago
Existing-home sales slump in August as cash purchases decline @REALTORS
19 hours ago