Senate Banking Committee to discuss bank regulations after recess

FDIC's Hoenig: Banks prioritize dividends over loans | Senate Banking Committee to discuss bank regulations after recess | Credit card debt passes pre-crisis record Created for {EMAIL} | [Web Version]( August 9, 2017 [SIGN UP]( ⋅ [FORWARD]( [] Risk Management and Insurance [] [FDIC's Hoenig: Banks prioritize dividends over loans]( Federal Deposit Insurance Corp. Vice Chairman Thomas Hoenig is skeptical of major banks' contention that they have insufficient capital to loan, saying they are instead using reserves to issue dividends. In a letter to the Senate banking committee, Hoenig cautions against relaxing capital requirements and says banks must increase funding opportunities. [Reuters]( (8/2) [LinkedIn]( [Twitter]( [Facebook]( [Google+]( [Email]( [] [Senate Banking Committee to discuss bank regulations after recess]( Senate Banking Committee to discuss bank regulations after recess (Alex Wong/Getty Images) Easing banking regulations is one of many topics facing the Senate Banking Committee when they return to Washington after the recess. Senators may consider raising the $50 billion threshold for more stringent banking regulation. [Politico Pro (subscription required)]( (8/7) [LinkedIn]( [Twitter]( [Facebook]( [Google+]( [Email]( [] [Credit card debt passes pre-crisis record]( Credit card debt is at $1.02 trillion, figures from June indicate. The amount surpasses the previous record, reported just before the 2008 global financial crisis. [Bloomberg]( (8/7) [LinkedIn]( [Twitter]( [Facebook]( [Google+]( [Email]( [] - [OCC seeks feedback on changes to Volcker rule]( The Hill (8/2), Reuters (8/2) [] Cybersecurity [] [Consumers request new cards as security fears rise]( Many consumers are requesting new cards from financial institutions because of security fears. Some do so upon hearing news of a breach, even if there is no evidence that their information was directly affected. [American Banker online (free content)]( (8/4) [LinkedIn]( [Twitter]( [Facebook]( [Google+]( [Email]( [] Government Regulation [] [Fed officials: Low inflation won't stop balance sheet cut]( Federal Reserve officials James Bullard and Neel Kashkari have downplayed concern that the central bank's shrinkage of its $4.5 trillion balance sheet will prompt market turbulence and have said low inflation will not derail the effort. Some see the comments as indication the Fed will not increase interest rates in the near future. [Bloomberg]( (8/7) [LinkedIn]( [Twitter]( [Facebook]( [Google+]( [Email]( [] - [Fed rethinks requirements for bank directors]( Reuters (8/3), The Examiner (Washington, D.C.) (8/3), The Wall Street Journal (tiered subscription model) (8/3) [] - [Judge: DOJ can weigh in on constitutionality of CFPB]( HousingWire (8/3) [] News from Aon [] [Aon reports second quarter 2017 results]( On Aug. 4, Greg Case, president and CEO of Aon, announced the firm's 2017 second-quarter results. Reported revenue increased 4%, to $2.4 billion, with organic revenue growth of 3%. For more information on the metrics and highlights, visit the [Aon Media Room.]( [LinkedIn]( [Twitter]( [Facebook]( [Google+]( [Email]( [] [The rise of the outsourced chief investment officer]( In the eight years following the global financial crisis, a combination of factors have affected the markets' ability to deliver consistent returns. To meet the needs of this increasingly complex market, the idea of turning to external experts to manage investments is becoming increasingly popular with a broad swath of asset owners. In the past decade, the concept of using an outsourced chief investment officer, or OCIO, has gone from a niche solution to a viable option. With uncertain political and economic environments around the world, how can companies embrace this discretionary investment model? [Read more.]( [LinkedIn]( [Twitter]( [Facebook]( [Google+]( [Email]( Learn more about Aon Financial Institutions: [Aon Home Page]( | [Aon Financial Institutions]( [Thought Leadership]( | [Media Room]( [] [] If you don't know where you're going, you might not get there. Yogi Berra, baseball player and manager [LinkedIn]( [Twitter]( [Facebook]( [Google+]( [Email]( About Aon Financial Institutions The Aon Financial Institutions Practice develops risk transfer and consulting solutions for a wide range of businesses including banks, insurance companies, asset managers and diversified investment and finance firms. Our experts draw on deep experience in developing products involving management and professional liability, property and casualty, cyber, operational and enterprise risk management, environmental liability, employee benefits, and transactional solutions. These solutions help clients build a tailored risk management program that empowers results for their organizations. Contact Aon Aon Financial Institutions Jacqueline Quintal | Managing Director Financial Institutions Practice Leader t. 212.441.2339 jacqueline.quintal@aon.com [www.aon.com]( [Linkedin]( [Twitter]( About Aon Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance. [Powered By SmartBrief]( Subscriber Tools: [Manage Subscriptions]( [Update Your Profile]( [Unsubscribe]( [Send Feedback]( [Archive]( [Search]( Contact Us: Editor - [Charles Tomlinson](mailto:aonfinancial@smartbrief.com) Mailing Address: SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004 © 1999-2017 SmartBrief, Inc.® [Privacy policy]( | [Legal Information]( Â