THE GOLDEN APPLE
The Eris Group‘s weekly report on public policy matters. An indispensable way to keep up with what’s going on in Washington.
SEC fines Well Fargo $5.1M
Wells Fargo will pay $5.1M in fines to settle SEC charges it improperly pushed retail customers to actively trade complex investments in order to generate higher fees.
OCC, Federal Reserve propose capital requirement changes for GSIBs over FDIC objections
The Office of the Comptroller of the Currency and the Federal Reserve Board jointly issued a proposal for comment that would adjust the enhanced supplementary leverage ratio (eSLR) standards for global systemically important banks (GSIBs) and their insured depository subsidiaries.
IN THE NEWS
Update on Meeting with FDIC and Federal Reserve
Frank Pignanelli updates the UAFS and NAIB on the recent efforts of the Industrial Bank community in Washington, DC.
House panel approves bills to ease access to capital
The House Financial Services Committee passed three more bills designed to reduce unnecessary regulatory burden and make access to capital easier for small and emerging businesses.
SAVE THE DATE
THE 2019 UAFS & NAIB CONVENTION AND GOLF TOURNAMENT
August 14-16, 2019
Canyons Resort in Park City, Utah