In The News
Quarles quizzed over CECL, BSA concerns
November 15, 2018
From the National Association of Federally-Insured Credit Unions (NAFCU): Federal Reserve Vice Chairman of Supervision Randal Quarles acknowledged that implications of the Financial Accounting Standards Board's (FASB) current expected credit loss (CECL) standard aren't completely understood, but said the phased-in implementation of the standard should help mitigate issues. Quarles was responding to a question from House Financial Services Subcommittee Chairman Blaine Luetkemeyer, R-Mo., who also... More
In The News
Senators warn Trump to stop attacking the Federal Reserve
November 13, 2018
Watch the latest video at Rep. Loudermilk (R-GA) on "Bulls & Bears" on the Fox Business Network discussing how Senators Jeff Flake (R-Ariz.) and Chris Coons (D-Del.) are calling on President Trump to stop attacking the Federal Reserve. More
Press Releases
Rep. Loudermilk’s Bill to Increase Consumer Privacy and Modernize Financial Reporting Gains Support
November 1, 2018
Rep. Loudermilk's bill, the Financial Reporting Threshold Modernization Act, raises the currency transaction report (CTR) threshold from $10,000 to $30,000, which, in some instances, will reduce regulatory paperwork on small community banks and credit unions by almost 80 percent. Here's what some business associations are saying about the bill: National Association of Federally-Insured Credit Unions: "Credit unions are committed to combating criminal activity throughout our financial system. Rep... More
Press Releases
Rep. Loudermilk Praises Law Enforcement, Emphasizes Civility
October 26, 2018
Rep. Barry Loudermilk (R-GA) issued the following statement after federal authorities arrested a man in connection to a string of suspicious packages sent to nationally prominent individuals: "I want to express my heartfelt appreciation to national, state and local law enforcement for their quick and efficient work in identifying and apprehending a suspect in the recent terroristic acts of mailing suspected bombs to nationally prominent individuals. “For a while now, I have been advocating for a... More
Press Releases
Rep. Loudermilk Co-Sponsors Bill to Secure our Borders
October 24, 2018
Rep. Barry Loudermilk (R-GA) issued the following statement after he co-sponsored the Build the Wall, Enforce the Law Act of 2018: “Republicans in the House remain focused on our national security, and securing our borders is the most important step in keeping America safe. We must continue to work to fix our borders and our broken immigration system, because every single day drug runners, sex traffickers, criminal gangs, and gun runners exploit our borders for their criminal activities. This bi... More
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