| Date | Title | Description |
| 11.10.2024 | The Rise of Trade Associations and the Fight Against Junk Fees | In the world of business, trade associations are like lighthouses in a storm. They guide industries through turbulent waters, advocating for their members and shaping policy. The International Franchise Association (IFA) has emerged as a be... |
| 11.10.2024 | The International Franchise Association Tops the 2024 Trade Association Rankings — Here's What It's Doing Right The findings are part of APCO's 10th annual TradeMarks study, which surveyed over 330 co... | Trade associations saw a resurgence in perceived effectiveness in 2024 — bouncing back after two years of decline — and the International Franchise Association (IFA) was among the standout performers. It gained recognition for its efforts i... |
| 10.10.2024 | Kamala Harris win may boost US effort to rein in 'junk fees' levied on consumers | Boards, Policy & RegulationUS Elections
Regulatory Oversight
Kamala Harris win may boost US effort to rein in 'junk fees' levied on consumers
By Makailah Gause and Pete SchroederOctober 10, 202410:07 AM UTCUpdated ago
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Small Text
Me... |
| 25.09.2024 |
After industry criticism, FHFA revises changes to Suspended Counterparty Program | The Federal Housing Finance Agency (FHFA) announced on Wednesday it has changed its proposal to amend the Suspended Counterparty Program (SCP), offering a less severe version after several trade groups raised concerns about its impacts on t... |
| 20.08.2024 |
ABA has ‘significant concerns’ with CFPB proposal to ban medical debt from credit reports | The American Bankers Association (ABA) last week submitted a letter to the Consumer Financial Protection Bureau (CFPB) in which it expressed “significant concerns” about a proposed rule that would ban medical debt from appearing on consumer... |
| 23.07.2024 | Banking Compliance Powerhouse Patti Joyner Joins Asurity® | WASHINGTON, July 23, 2024 /PRNewswire/ -- Asurity Technologies, LLC ("Asurity®"), a leader in consumer lending compliance software and advisory services, announced today highly respected and widely known financial services regulat... |
| 10.07.2024 |
CFPB proposes new servicing rules that would focus on foreclosure assistance | The Consumer Financial Protection Bureau (CFPB) on Wednesday announced a newly proposed rule that would amend Regulation X and require mortgage servicers to emphasize borrower assistance and loss-mitigation options over foreclosure when a b... |
| 30.05.2024 | Banking Visionary Chip Mahan Joins DefenseStorm Board of Directors | James S. "Chip" Mahan III
A proven visionary who has led successful change in the financial services industry for years, Mahan values DefenseStorm's unique built for banking approach to cyber risk management for financial institut... |
| 13.05.2024 |
Trade groups express concern to FHFA over historic credit data | A coalition of trade organizations — including the American Bankers Association (ABA), the Housing Policy Council (HPC), the Independent Community Bankers of America (ICBA), the Mortgage Bankers Association (MBA) and U.S. Mortgage Insurers ... |
| 09.05.2024 | Will Biden Get the Final Say Over a Controversial Crypto Accounting Rule? | A little-known rule proposed by the U.S. Securities and Exchange Commission (SEC) that is disliked by vast numbers of the finance firms — particularly banks — and vehemently opposed by the majority of the crypto industry is essentially gett... |
| 19.04.2024 | Scott Latham, Chairman of Board of Trustees, to Deliver FHU Spring Commencement Address | FHU Board of Trustees Chairman Scott Latham will deliver the commencement address to spring graduates on May 11, at 10:00 a.m., in Loyd Auditorium.
Scott E. Latham, newly appointed chairman of the FHU Board of Trustees, will deliver the com... |
| 01.04.2024 |
Judge sides with trade groups, halts new CRA rules | A federal judge in Texas has granted a preliminary injunction to banking trade groups that seek to halt the implementation of new rules for modernizing the Community Reinvestment Act (CRA), according to court documents reviewed by HousingWi... |
| 20.03.2024 | The American College of Trust and Estate Counsel (ACTEC) Announces Susan D. Snyder as New President | ACTEC President Susan D. Snyder
The American College of Trust and Estate Counsel (ACTEC) today announced that Susan D. Snyder will serve as the 2024–2025 President. Snyder is a Senior Planner on Northern Trust's Regional Wealth Advisor Team... |
| 15.09.2023 | A Predicted Soft Economic Landing May Have An Undertow | TOPSHOT - A DHL cargo plane is seen after emergency landing at the Juan Santa Maria international ... [+] airport due to a mechanical problem, in Alajuela, Costa Rica, on April 7, 2022. - The two crew members onboard the plane escaped unhar... |
| 03.08.2023 | Bfore.AI Announces Strategic Partnership With American Bankers Association (ABA) | Bfore.AI
ABA
This partnership aims to educate the banking industry on critical FinTech cybersecurity risks & innovative methods for proactive protection and loss prevention
MONTPELLIER, FRANCE, August 3, 2023/EINPresswire.com/ -- Bfore.... |
| 14.05.2023 | Commentary
Commentary | Guest opinion: Kathleen Merrigan: These four challenges will shape the next farm bill – and how the U.S. eats | By Kathleen Merrigan
For the 20th time since 1933, Congress is writing a multiyear farm bill that will shape what kind of food U.S. farmers grow, how they raise it and how it gets to consumers. These measures are large, complex and expensiv... |
| 09.05.2023 | Credit card companies need to explain the 'exorbitant' late fees they're charging customers, says Elizabeth Warren | U.S. Sen. Elizabeth Warren (D-MA) questions Jerome Powell, Chairman, Board of Governors of the Federal Reserve System as he testifies before the Senate Banking, Housing, and Urban Affairs Committee on June 22, 2022 in Washington, DC. Powell... |
| 05.05.2023 | US officials are looking into possible market manipulation of regional bank stocks | US and state officials are assessing whether market manipulation is driving volatility in regional bank stocks, Reuters reported.
The sharp moves are drawing attention as the industry is seeing solid fundamentals such as stable deposits.
Ad... |
| 05.05.2023 | Banks ask SEC to stop short-seller attacks on their stocks driven by social-media speculation | A leading banking group called for the SEC to do more to stop speculative short selling in bank stocks.
The American Bankers Association said social-media speculation about banks was disconnected from their financial reality.
Advertisement
... |
| 22.11.2022 | Insiders detail how Wall Street is preparing for a post-FTX world, from heightened scrutiny on crypto deals to rethinking hiring plans | Traditional finance firms are grappling with what to do next when it comes to their crypto plans, which have been years in the making. Anna Kim/Insider This story is available exclusively to Insider subscribers. Become an Insider and start ... |
| 02.10.2022 | Summit Technology Group Announces Milestone Relationship with ABA | The American Bankers Association (ABA) and Summit Technology Group (STG) have extended their partnership with STG becoming an ABA Diamond level Associate Member and sponsor of the 2022 ABA Annual Convention – furthering their mission to ser... |
| 02.10.2022 | Summit Technology Group Announces Milestone Relationship with ABA | “STG has helped ABA members significantly over the past three years – through their cloud modernization practice, and their portfolio of services modernizing community and regional banks,” commented Jim Edrington, ABA Chief Member Engagemen... |
| 24.05.2022 | Wall Street lobbies are bashing the idea of a digital dollar from the Fed and say the move would drain money from the US banking system | Wall Street trade groups are pushing back against the possibility of a digital dollar from the Federal Reserve.
The American Bankers Association said a central bank digital currency would "rewire our banking and financial system."... |
| 15.02.2022 | A New Tax In Illinois, But One That Isn’t About Raising Revenue | Chicago, Illinois getty |
| 10.02.2022 | Caitlin Long's Wyoming Crypto Bank Takes a Step Toward Fed Membership | Wyoming-based crypto bank Avanti is one step closer to potentially acquiring a master account with the U.S. Federal Reserve.
Avanti Bank now has a routing number issued by the American Bankers Association (ABA), a key milestone in the proce... |
| 20.01.2022 | Banking groups argue that overdraft fee crackdown could cause greater financial hardship | The news: US financial-services trade groups led by the American Bankers Association (ABA) asked the Consumer Financial Protection Bureau (CFPB) to pause its pending crackdown on overdraft fees, arguing that it could deprive consumers of an... |
| 07.01.2022 | ABA adds support for single-day ISO 20022 Fedwire migration | The American Bankers Association (ABA) recently responded to the Federal Reserve’s plan to migrate its Fedwire Funds Services to the ISO 20022 message standard in just one day, according to a press release.
Although the Association said it ... |
| 02.12.2021 | Bank of Hawaii : Marissa Machida Receives ‘40 Under 40 in Wealth Management' Award from American Bankers Association | Marissa Machida, vice president and relationship manager at Bank of Hawaii, was honored today as a recipient of the "40 Under 40 in Wealth Management" award, as announced by the American Bankers Association. This award recognizes ... |
| 30.10.2021 | UMB financial education program honored with American Bankers Association Foundation Community Commitment Award | In 2016, UMB Financial Corporation partnered with the agriculture education nonprofit, American Royal, to create the UMB Market, a grocery store and financial education simulation that encourages students to practice healthy shopping on a b... |
| 22.10.2021 | CUSIP Global Services and American Bankers Association Joint Statement on CUSIP Operations | NEW YORK, Oct. 22, 2021 /PRNewswire/ -- CUSIP Global Services (CGS) and the American Bankers Association (ABA) today reaffirmed that CUSIP operations will be unaffected by S&P Global's commitment to divest CGS as a condition for Europea... |
| 18.10.2021 | Mars Bancorp : Oppose Legislation that Reduces Financial Privacy | As a community bank that values the privacy and security of our customers (and their financial information and data), we must speak out about the proposed legislation regarding financial reporting that is embedded in the American Families P... |
| 02.10.2021 | Banks could soon suffer massive wave of job losses, analysts say | Although the banking sector has played an outsized role in the U.S. economy for decades, thousands of frontline workers in the industry are likely to find themselves with a shrinking part to play as their jobs succumb to automation over the... |
| 13.08.2021 | Federal Agricultural Mortgage : Farmer Mac Forward – Vol. 61 | Vol. 61
August 12, 2021
The Farmer Mac Forward is a quarterly newsletter for our network of approved lenders that communicates important changes to the Seller/Servicer Guide and loan programs, as well as upcoming events and announcements. I... |
| 16.06.2021 | Why FICO Scores Aren’t Enough For Small Business Lending | Nick Chandi is the CEO of ForwardAI, a market-leading provider of historical & forward-looking accounting data for small business lenders. |
| 13.05.2021 | 13 Ways Businesses And Consumers Can Help Secure Their Financial Data | The convenience of online banking and digital payment systems has simplified the ways both companies and consumers transact business with their financial service providers. However, that same ease and convenience can also make it all too ea... |
| 07.05.2021 | LemonadeLXP Teams With American Bankers Association To Upskill Members’ Marketing Staff | OTTAWA, Ontario (PRWEB) May 07, 2021
ABA represents banks of all sizes that employ more than 2 million people across the U.S. To navigate social distancing protocols implemented in response to the COVID-19 pandemic, ABA teamed with Lemonade... |
| 25.03.2021 | How Virtual Value Chains Empower And Engage Health Care Consumers | Bill Krause is VP/GM, Connected Consumer Health, for Change Healthcare. He helps payers and providers engage with consumers. |
| 12.03.2021 | Debt collectors could take some of your COVID stimulus check | More On: Coronavirus
Gift of flight: Delta to restore flight privileges to passengers barred over mask violations DOJ to appeal ruling striking down mask mandate after CDC gives OK White House says masking optional, but recommended as Psaki... |
| 03.02.2021 | Securing The Digital Ecosystem To Combat The Latest Cyberthreat | Ajay Bhalla, President, Cyber & Intelligence, Mastercard. |
| 01.09.2020 | Cornerstone bringt die besten Köpfe der HR zu einem virtuellen globalen Ereignis zusammen | HR-Experten weltweit werden zur Cornerstone Convergence 2020 zusammenkommen, unserer kostenlosen, zweitägigen und virtuellen Konferenz mit inspirierenden Gastrednern und mehr als 50 Breakout-Sessions und so die HR-Community stärken
London -... |
| 01.09.2020 | Cornerstone Convergence 2020 : une nouvelle édition virtuelle pour rassembler les leaders RH | Cornerstone réunira les professionnels du secteur RH à l’occasion de son événement annuel Convergence 2020, une nouvelle édition virtuelle inédite et libre d’accès qui se tiendra sur deux jours. Convergence 2020 sera l’occasion de retrouver... |
| 01.09.2020 | Cornerstone Brings Together World-Class Thinkers and the Brightest Minds in HR for a Virtual Global Event | HR professionals across the world will come together for Cornerstone Convergence 2020, a free, two-day virtual conversation with inspirational guest speakers and 50+ breakout sessions designed to connect and build a stronger HR community
Lo... |
| 27.05.2020 | Is It Time To Reconsider Judges' Role As Members Of The American Law Institute? | STATUE OF BLINDFOLDED LADY JUSTICE HOLDING SCALES OF TRUTH AND FAIRNESS AND DOUBLE-EDGED SWORD OF ... [+] REASON AND JUSTICE (Photo by H. Armstrong Roberts/ClassicStock/Getty Images)Getty |
| 30.03.2020 | Impact Of COVID-19 On Lines Of Credit | With small businesses facing unprecedented financial pressure, many banks have modified their lines ... [+] of credit to help companies continue operations.Getty |
| 26.12.2019 | Transnational Organized Crime and National Security: Evil Corp, Hezbollah and Chinese Opioid Trafficking | Introduction
Over the past few months American law enforcement officials have unveiled several initiatives targeting sophisticated criminal networks around the world. In Congress, two bills that would dramatically reshape the American anti-... |
| 15.11.2019 | America's biggest banks will soon have to add billions to their reserves, and they say they could cut lending in response | 20th Century Fox
"Minority Report," which came out in 2002.
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Starting January 2020, big banks will have to record all their expected future losses on their loans as soon as the loans are issued, thanks to a new accoun... |
| 08.10.2019 | Opinion: Steven Greenhut: Congress may help cannabis firms play by the rules | By Steven Greenhut
In a free and just society, laws should be clearly designed and easy to follow so that honest people know the ground rules and can live their lives without fear of running afoul of the government. In fact, it’s the mark o... |
| 22.08.2019 | What Banks Need to Know to Strengthen Their Social Strategies | Apple and Goldman Sachs made financial industry headlines when they announced the launch of the Apple Card in August. Only time will tell whether the hype translates into success, but the move sends a clear signal to the rest of the industr... |
| 15.07.2019 | Trade groups cast doubt over FHA’s attempt to remove lending roadblocks | In recent years, lenders have shied away from the Federal Housing Administration’s mortgage program out of fear that minor infractions could lead to major consequences labeled a violation of the False Claims Act.
Indeed, a number of lenders... |
| 04.04.2019 | Cannabis banking reform is smart, necessary and politically viable | Aaron Smith Contributor
Aaron Smith is co-founder and executive director of the National Cannabis Industry Association (NCIA).
Pressure is steadily mounting on U.S. lawmakers to implement comprehensive cannabis banking reform at the federal... |
| 16.10.2018 | Millennials Create Wave of Fintech Opportunities | Renowned international investors like Jan Hammer, Oleg Boyko and Tom Wilson name fintech industry the biggest blue ocean of business opportunities and this is why
Millennials are the first generation that grew up with the internet boom, a g... |
| 10.08.2017 | Q&A: Wells Fargo Seeks to Bridge the Gap Between Growers and Tech | Adam Bergman is senior vice president for cleantech banking at Wells Fargo and is actively working to bridge the gap between agtech startups and the bank’s farm-owning customers who could benefit from their innovations.
According to the Ame... |
| 30.05.2017 | Column:: Buried deep within GOP bill: a ‘free pass’ for payday and car-title lenders | You have to wade all the way to Page 403 of the 589-page Financial Choice Act to find a one-seAntence provision that obliterates current efforts to bring fairness and responsibility to payday lenders and similar merchants of never-ending de... |
| 18.04.2017 | CUSIP Global Services Invests in Derivatives Service Bureau | CUSIP Global Services (CGS), a leading provider of unique security identifiers and descriptive data that enable efficient global trading, today announced that it has secured an equity stake in the Derivatives Service Bureau (DSB), a fully a... |
| 18.02.2017 | Focus: Licensed marijuana businesses operate in the shadows without access to banks | Sometime next year, the most populous state in the nation will let licensed recreational pot sellers start cashing in on a multibillion-dollar industry.
But even though California voters approved these businesses in passing Proposition 64 i... |
| 08.12.2016 | National Credit Union Administration sued over updated membership rule | The American Bankers Association quickly filed a lawsuit on Wednesday against the National Credit Union Administration right after the administration published its Field of Membership final rule in the Federal Register.
The ABA’s action “ch... |
| 05.12.2016 | ABA advisory outlines cyberthreats targeting payments players | A new advisory from the American Bankers Association offers information and recommendations to help merchants, payments processors and others mitigate cyberexploitation tactics, techniques and procedures.
Many of these TTPs have been observ... |
| 29.04.2015 | 3 unlikely industries innovating in tech hiring | The Department of Labor estimates that there are currently 500,000 unfilled positions in IT fields. But it isn’t just the tech industry that desperately needs tech talent. Banks, retailers, and government agencies are aggressively trying to... |
| 02.10.2014 | SCOTUS agrees to hear challenge to disparate impact in housing | For the third time, the U.S. Supreme Court has assented to hear a case that could overturn the Obama administration’s heavy-handed use of a theory that says even if there’s no evidence of discrimination in housing, unequal outcomes prove th... |
| 23.08.2013 | Pew survey finds mobile banking on the rise in U.S. | By Robin Arnfield
Contributing writer
About one-third (32 percent) of U.S. adults, or 35 percent of cellphone owners, now bank using their mobile phones, according to a survey by the Pew Research Center's Pew Internet & American Life Pr... |
| 20.06.2013 | ABA report profiles evolving payment system | The American Bankers Association has released a report for policymakers on the rapidly evolving payments marketplace. The document identifies three areas for consideration: consumer protections, payment system integrity and competitive equi... |
| 11.09.2011 | Hey, FBI: The Bank Robbers Are Already in the Banks | The FBI was undoubtedly happy to announce that the number of bank robberies in the second quarter had dropped 12 percent since 2010. Let there be great rejoicing.
Or not. According to a tally done by NYU professor of risk engineering Nassim... |
| 15.06.2011 | ABA Sees Economic Growth Building Steam | A panel of economists on the Economic Advisory Committee of the American Bankers Association (ABA) is projecting that the U.S. economy will recover from the latest soft patch and pick up steam in the second half of 2011.
The committee predi... |
| 07.06.2011 | New Disclosure Forms a Good Initial Step | Responding to the Consumer Financial Protection Bureau's (CFPB's) call for feedback on proposed new mortgage disclosure forms, the American Bankers Association (ABA) has commended the bureau for their initial step, but noted challenges to b... |
| 11.02.2011 | Higher GSE guarantee fees may increase cost of homeownership | Hiking the guarantee fees borrowers pay Fannie Mae and Freddie Mac will cause private lending in America to flourish but also increase the cost of home ownership, the Royal Bank of Scotland said Friday in response to the Treasury’s proposed... |
| 09.02.2011 | ABA Supports Well-Regulated Private Housing Market | The American Bankers Association (ABA) sent a letter to Treasury Secretary Timothy Geithner and Housing and Urban Development Secretary Shaun Donovan sharing its latest recommendations for the future of Government Sponsored Enterprises. Wit... |
| 09.02.2011 | Bankers urge government to release GSEs, create bad bank | The American Bankers Association sent a letter to government officials expressing its belief that the government should “dramatically reduce” its role in housing finance, specifically Fannie Mae and Freddie Mac. In the near term, the ABA al... |
| 18.10.2010 | Еженедельный обзор мировых масс-медиа: 11-17 октября 2010 года | Атак больше, ущерба меньше
Аппараты для снятия наличных, они же банкоматы, часто подвергаются атакам мошенников-скиммеров в Европе, которые воруют данные клиентов, когда те снимают деньги по картам. Но недавно были зарегистрированы новые ре... |
| 14.09.2009 | Monday Morning Cup of Coffee | A look at the stories on HousingWire’s weekend desk…with more coverage to come on bigger issues: Monday marks the year anniversary of the collapse of securities firm Lehman Brothers, an event widely considered the christening failure of the... |
| 13.08.2009 | ABA Raises Concerns on FASB, IASB Accountancy Changes | Major accountancy changes and overhauls may take several years to implement across wide markets due to the complex nature of the instruments affected. Therefore, financial accounting boards in markets across the globe are taking the opportu... |
| 27.05.2009 | Bank Net Income Falls 60% from Q108 | The US banking industry experienced a rough first quarter as the worst of the credit crisis continues to unwind, deteriorating assets take their toll on balance sheets and federal regulators expose weaknesses in capital buffers through exha... |
| 19.09.2008 | ABA: Money Market Bailout Could Compromise Bank Deposits | Citing “deep concerns” about the Treasury’s program to guarantee money market mutual funds, American Bankers Association president Edward Yingling said that the bailout of money markets “will undermine the role of banks during this current ... |
| 18.06.2008 | Bank Economists: No Clear Recession, Only Slow Growth | The economy will continue to experience slow economic growth this year and into early 2009, according to a press statement Tuesday afternoon from the Economic Advisory Committee of the American Bankers Association. “Although the tax rebates... |
| 03.04.2008 | Home Equity Line Delinquencies Continue to Rise: Report | Consumer credit delinquencies in the fourth quarter of 2007 reached their highest levels since 1992, according to the American Bankers Association’s Consumer Credit Delinquency Bulletin. The composite ratio, which tracks eight closed-end in... |
| - | Toyota financing arm fined $60 million by consumer watchdog for car loan scam | The Consumer Financial Protection Bureau fined Toyota’s U.S.-based financing firm $60 million for illegal lending practices.
Toyota Motor Credit Corp. made it difficult for consumers to cancel add-on products that cost an average of between... |
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Warning signs may be visible in Q3 bank earnings | The preview: Earnings season for issuers begins this week, with JPMorgan, Citi, and Wells Fargo reporting results on Friday.
Here are three trends to look out for as issuers reveal what Q3 had in store.
Credit losses are climbing: Credit ca... |
| - | American University Washington College of Law Symposium | CFPB’s New Approach to Discrimination: Invoking UDAAP
Wednesday, June 29, 2022 - 12:00 PM EDT
The Consumer Financial Protection Bureau earlier this year claimed a new tool to prevent discrimination in financial services by examining institu... |
| - | The rule capping credit card late fees at $8 is on hold — here’s what it means for you | The U.S. banking industry won a key victory in its effort to block the implementation of a Consumer Financial Protection Bureau rule that would’ve drastically limited the fees that credit card companies can charge for late payment.
A federa... |
| - | CFPB rule to save Americans $10 billion a year in late fees faces possible last-minute freeze | A Consumer Financial Protection Bureau regulation that promised to save Americans billions of dollars in late fees on credit cards faces a last-ditch effort to stave off its implementation.
Led by the U.S. Chamber of Commerce, the industry ... |
| - | Tens of millions will receive third stimulus payments on March 17 | Are you waiting for the third stimulus payment? Tens of millions of people will receive theirs on Wednesday, March 17, according to the National Automated Clearing House Association (Nacha) which governs the direct deposit process for many ... |
| - | Rise Of Precision Agriculture Exposes Food System To New Threats | smart farming. Shutterstock |
| - | $1,400 stimulus checks could be garnished. Some lawmakers are pushing to change that | As millions of $1,400 stimulus checks are deployed, some people with unpaid debts could have the federal payments taken from their accounts.
The American Rescue Plan did not protect the money from garnishment to satisfy private debts.
Now, ... |
| - | Bipartisan credit card bill feeds merchant-network feud with little tangible result in sight | The news: Retail titans Walmart and Target put their clout behind a letter signed by more than 1,600 merchants urging lawmakers to pass a bipartisan bill designed to lower credit card swipe fees, per the Wall Street Journal. The letter was ... |
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ATMs offer banks and customers opportunities beyond deposit and withdrawal transactions | The opportunity: ATMs can serve as dynamic marketing platforms for financial institutions (FIs), offering a regular audience and a unique opportunity to provide tailored experiences that resonate with customers.
Why ATMs? Although many FIs ... |
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About Insider Intelligence
A growing assistive technology market makes it easier than ever for banks to reach disabled customers | The news: With a population comparable to China—and growing—disabled consumers and their families represent a market of over $13 trillion for financial institutions (FIs). Assistive technology is now available to help virtually any banking ... |
| - | Why employers may not be so quick to jump on the 401(k) bitcoin bandwagon | Fidelity Investments, the largest 401(k) administrator, said Tuesday it's offering a bitcoin investment to workplace retirement plans.
Employers have legal duties to ensure their 401(k) investments are prudent. The U.S. Department of Labor ... |
| - | CFPB could put issuer revenues at risk with credit card late fees proposal | The news: The Consumer Financial Protection Bureau (CFPB) proposed lowering the amount credit card issuers can charge for late payments—a rule change it said could help save consumers $9 billion a year, per a press release.
Digging deeper: ... |
| - | Watch CFPB Director Rohit Chopra speak at DC Fintech Week | [The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a player above at that time.]
Rohit Chopra, director of the Consumer Financial Protection Bureau, will speak Wednesday at DC Fintech Week in Washington,... |
| - | Senate holds first hearing on bill to help marijuana businesses access financing | The Senate is holding its first hearing Thursday on the Secure and Fair Enforcement Banking Act.
Last month, a group of bipartisan lawmakers reintroduced the SAFE Banking Act in the House and Senate.
The legislation will free up banking ser... |
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Preparing for open banking, US financial institutions make strategic plays | The news: US financial institutions (FIs) are focused on their long-term strategies as they prepare to compete in an open banking environment.
The data-sharing partnership between the fintechs Fiserv and Plaid may change the game for some F... |
| - | The CFPB’s reprimand of Trident Mortgage for redlining is bolstered by employee emails | The news: The Consumer Financial Protection Bureau (CFPB) used troubling internal employee emails at Trident Mortgage to nail down proof of redlining, per American Banker.
What happened? Last month, Trident Mortgage paid $24 million to sett... |
| - | Justice Department tells bankers to confess their misdeeds to cut better enforcement deals | The Justice Department recently overhauled its approach to corporate criminal enforcement to incentivize companies to root out and disclose their misdeeds.
The carrot that Justice officials are dangling before the corporate world includes a... |
| - | Companion credit card bill improves odds of swipe fee crackdown | The news: US Reps. Peter Welch (D-VT) and Lance Gooden (R-TX) introduced the House companion to the bipartisan Credit Card Competition Act of 2022 introduced in July by Sens. Dick Durbin (D-IL) and Roger Marshall (R-KS), per a press release... |
| - | Regulators unveil sweeping changes to capital rules for banks with $100 billion or more in assets | U.S. regulators on Thursday unveiled a sweeping set of proposed changes to banks’ capital requirements to address evolving international standards and the recent regional banking crisis.
While the heightened requirements apply to all banks ... |
| - | Banks are invested in teaching kids to save money | Question: Teaching children to save money can pay lifelong dividends. Besides parents and schools who may be involved in such education, is there anything the banking industry offers?
Answer: While personal finance instruction has increased... |
| - | ‘Basel III’ bank rules could pose unexpected threat to Biden’s green energy plans | Banks, renewable energy groups, and congressional Democrats are raising alarms about potential harm to clean energy and climate goals from a proposed banking regulation.
The “Basel III endgame” framework would require banks to hold more cap... |
| - | Banking groups argue that overdraft fee crackdown could cause greater financial hardship | US trade groups asked the Consumer Financial Protection Bureau to pause crackdown on overdraft fees.
A growing number of incumbents are already adding or proactively promoting alternative liquidity-assistance services.
Insider Intelligence ... |
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Why most banks are actively posting on social media—and want to do even more with their accounts | The news: Nine in 10 banks believe social media is important to their banks, and 88% are very active or somewhat active on their social media accounts, according to an American Bankers Association survey.
Only 12% of respondents said their ... |
| - | Banking groups argue that overdraft fee crackdown could cause greater financial hardship | The news: US financial-services trade groups led by the American Bankers Association (ABA) asked the Consumer Financial Protection Bureau (CFPB) to pause its pending crackdown on overdraft fees, arguing that it could deprive consumers of an... |
| - | Democrats eye reforms to Trump tax break for businesses as part of $3.5 trillion spending plan | Congressional Democrats are considering reforms to the 20% pass-through tax deduction for businesses as part of a $3.5 trillion spending measure.
They would phase out tax benefits for those with income exceeding $400,000 and make the tax cu... |