ABA, associations: CFPB must release data on credit card fee rulemaking
The American Bankers Association and four banking and credit union associations this week urged the CFPB to release the data...
Policy
SEC proposes amending cybersecurity rules
The Securities and Exchange Commission today released three proposed amendments to existing cybersecurity-related rules, including new customer notification requirements for...
FDIC: Institutions required to meet contractual obligations with bridge banks
Following the opening by the FDIC of two bridge banks, Silicon Valley Bridge Bank and Signature Bridge Bank, to assume...
Biden emphasizes safety of banking system in speech
In a speech following the failures of Silicon Valley Bank and Signature Bank over the weekend, President Biden today said...
Fed provides FAQs on Bank Term Funding Program
The Federal Reserve today released a set of FAQs providing details on its newly announced Bank Term Funding Program to...
Fed creates new loan fund to support bank liquidity, boost confidence
After two bank failures on Friday and Sunday, the first since 2020, federal regulators today announced actions to support bank...
FTC sues to block merger of mortgage lender tech providers
The Federal Trade Commission this week filed a lawsuit to block a proposed merger between the nation’s two largest providers...
White House outlines proposed tax changes
Accompanying President Biden’s fiscal year 2024 budget, the administration this week released its “Green Book,” which includes proposed tax changes...
Senate leaders express concern over SBA 7(a) proposals
Senate Small Business Committee leaders recently wrote to the U.S. Small Business Administration to express concern about SBA’s two proposals...
ABA seeks level playing field in digital asset regulation
Lawmakers and regulators should adhere to the principle of “same activity, same risk, same regulation” when developing a framework for...
