Analysis: Credit card interest rate cap would harm all borrowers
Proposed legislation to cap credit card interest rates at 10% would restrict credit to all borrowers – particularly high-risk and...
Newsbytes
Fed seeks public input on potential changes to its check services
The Federal Reserve is seeking public input on potential changes to the check services it provides to banks and credit...
G7 paper seeks to align financial sector cyber incident responses across borders
A G7 working group released a set of nonbinding principles to align cyber incident response and recovery approaches for the...
FinCEN analysis shows scope of ransomware problem
A new analysis of Bank Secrecy Act reports found that more than $2.1 billion in ransomware payments were made over...
Mortgage rates decline
The rate for a 30-year fixed-rate mortgage was 6.19% this week. The rate for a 15-year fixed-rate mortgage was 5.44%.
New orders for manufactured goods increased in September
New orders for manufactured goods in September, up two consecutive months, increased $1.2 billion or 0.2% to $612.6 billion, the...
ABA, associations seek long-term reauthorization of National Flood Insurance Program
ABA joined 13 associations and coalitions in urging lawmakers to adopt a long-term reauthorization of the NFIB, saying it would...
ABA urges CFPB to retract guidance on credit card rewards
ABA asked the CFPB to withdraw guidance for law enforcement alleging that credit card rewards programs could be illegal under...
Top Democrats seek guidance, plan for addressing penny shortage
The top Democrats on the Senate Banking and House Financial Services committees urged federal officials to provide “immediate guidance” about...
FBI issues alert about account takeover fraud
The FBI’s Internet Crime Complaint Center has issued a consumer alert about cyber criminals impersonating financial institutions to steal money...
