CFPB: Earned wage access products not subject to Truth in Lending Act
The CFPB is once again reversing course on whether earned wage access products are subject to the Truth in Lending...
Policy
Government holiday closures will not change compliance timelines
President Trump’s recent executive order closing federal government agencies on Dec. 24 and 26 does not affect the timing requirements...
Fed seeks feedback on proposed ‘skinny’ accounts for payment services
The Federal Reserve is seeking comment on whether to create a new “payment account” category that certain financial institutions could...
Senate confirms Hill as FDIC chairman
The Senate voted to confirm the nominations of nearly 100 people to positions with the federal government, including Travis Hill...
Trump directs agencies to ease federal marijuana restrictions
President Trump ordered federal agencies to quickly implement an existing proposal to reclassify marijuana to expand the availability of cannabis...
ABA, 52 state bankers associations urge Congress to close stablecoin interest loophole
ABA joined 52 state bankers associations in sending a joint letter to Congress urging lawmakers to clarify and enforce the...
Appeals court to reconsider decision to allow CFPB firings
The U.S. Court of Appeals for the D.C. Circuit will reconsider its decision to overturn a lower court order preventing...
Fed rescinds guidelines for weighing crypto requests from non-FDIC insured banks
The Federal Reserve rescinded a 2023 statement on how it would evaluate requests from non-FDIC insured banks to engage in...
GAO: Federal Home Loan Banks play ‘key role’ in supporting small banks
Federal Home Loan Banks “can play a key role” in the health of small banks as a source of funding,...
House committee advances ABA-backed bills
The House Financial Services Committee voted to advance nine bills on a range of issues that were supported by ABA.
