ABA urges Labor Department to withdraw fiduciary rule
The Department of Labor’s proposed fiduciary rule is a misguided approach fraught with serious risks, costs and uncertainties for retirement...
Policy
Barr: Fed considering adjustments to proposed capital standards
Federal Reserve Vice Chairman for Supervision Michael Barr said that the Fed is considering adjustments to key provisions in its...
Report: Policymakers should explore decentralized finance regulatory options
Policymakers should identify and evaluate the range of potential policy responses to the risks posed by decentralized finance, or DeFi,...
Fed’s Bowman urges return to regulatory tailoring
Federal Reserve Governor Michelle Bowman said that she worried that “an overbroad application” of bank requirements could become a characteristic...
Counting the cost: The hidden impact of policy changes on credit card users
The cumulative impact of Durbin 2.0, the CFPB's late fees proposal and the Basel III endgame could seriously harm credit...
Yellen: More than 100,000 beneficial ownership information filings so far
The Financial Crimes Enforcement Network has received more than 100,000 filings since it began accepting beneficial ownership information on Jan....
New ad campaign highlights opposition to credit card routing bill
The Electronic Payments Coalition has launched a new ad campaign to highlight the opposition of a wide range of community...
Fed community banker council requests withdrawal of debit card proposal
A Federal Reserve proposal to significantly tighten the cap on debit card interchange compensation earned by banks has introduced sustainability...
ABA, CBA weigh in on proposal to supervise nonbank payment providers
In a joint letter, ABA and the Consumer Bankers Association expressed tentative support for a CFPB proposal to regulate large...
Community bankers express concern about CRA rule, regulatory burden
Minutes of the most recent meeting of the Federal Reserve’s Community Depository Institutions Advisory Council show that council members were...
