ABA op-ed challenges NCUA’s field of membership expansion proposal
In an American Banker op-ed, ABA's Robert Flock took the National Credit Union Administration to task over its role in...
Policy
FDIC issues revised guidance for multiple fees charged for re-presented transactions
The FDIC released updated guidance clarifying that, with regards to conducting a lookback review for multiple non-sufficient funds fees being...
Senate bill would toughen compensation clawback rules for failed banks
Senate Banking Committee leaders introduced a bipartisan bill that would strengthen actions regulators could take to clawback compensation from executives...
Hsu: Banks must work with regulators to manage technology risks
Banks should keep three principles in mind as they approach new technologies like tokenization and artificial intelligence—innovate in stages, build...
Fed’s Waller: Don’t blame rising rates for recent bank closures
The FOMC's decision to rapidly increase the federal funds rate over the past year was not a major factor in...
CFPB seeks to ‘streamline’ mortgage servicing rules
CFPB Director Rohit Chopra said that the agency will soon propose ways to simplify and streamline mortgage servicing rules, pointing...
Senate, House resolutions condemn CFPB data collection rule
Lawmakers in the House and Senate have introduced resolutions of disapproval under the Congressional Review Act to overturn the Consumer...
Chopra pressured on use of ‘junk fees’ label
Consumer Financial Protection Bureau Director Rohit Chopra was challenged about his use of the term ‘junk fees’ during a House...
FOMC pauses rate hikes, says more increases likely coming
The Federal Open Market Committee announced it would leave the target range for the federal funds rate at 5% to...
Agencies issue spring regulatory agenda addressing overdraft, NSF fees
The Biden administration issued its spring 2023 semiannual regulatory agenda—a semiannual listing of rulemakings that departments and agencies expect to...
