Washington Wire – Feb. 27, 2018

The House is scheduled to vote on H.R. 4296, a bill to place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency as well as H.R  1865, the Allow States and Victims to Fight Online Sex Trafficking Act of 2017.  On the other side of the Capitol, the Senate plans to consider […]

The House is scheduled to vote on H.R. 4296, a bill to place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency as well as H.R  1865, the Allow States and Victims to Fight Online Sex Trafficking Act of 2017.  On the other side of the Capitol, the Senate plans to consider several federal court nominations.

In addition, the House may consider H.R. 4296, a bill to place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency.  This bill specifies that a federal banking agency may not establish an operational-risk capital requirement for banking organizations unless the requirement: (1) is based on, and is appropriately sensitive to, current risks; (2) is determined under a forward-looking assessment of potential losses; and (3) allows certain adjustments.

Also, on the House suspension calendar, is the TRID Improvement Act of 2018.

This week, the Senate plans to consider several federal court nominations. Read the full Washington Wire here.

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The League of Southeastern Credit Unions & Affiliates represents nearly 300 credit unions throughout Alabama, Florida, and Georgia. It has a combined total of almost $200 billion in assets and 12.4 million members. LSCU provides advocacy, compliance services, education and training, cooperative initiatives, and communications.

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