Barth Report Released
James R. Barth and Yanfei Sun of Auburn University conducted a study for the Utah Center for Financial Services (UCFS) on how Industrial Loan Companies (ILCs a.k.a Industrial Banks) have performed compared to other FDIC insured institutions. The findings demonstrate ILCs perform better than all other FDIC institutions.
THE GOLDEN APPLE
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
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.
Trump signs TILA ammendment
President Donald Trump signs a bill to amend the Truth in Lending Act (TILA). The aim of this bill is to improve consumer access to mortgage credit, provide regulatory relief and protect consumer access to credit.
THE 2018 UAFS & NAIB CONVENTION AND GOLF TOURNAMENT
August 15-17, 2018
Canyons Resort in Park City, Utah