Retail/Marketing

FDIC: Share of ‘Unbanked’ Fell in 2015

The share of the population that is unbanked fell to 7 percent in 2015, the lowest share ever recorded in the FDIC’s biennial survey of unbanked and underbanked households, FDIC Chairman Martin Gruenberg said in a speech today.

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ABA Seeks Clarified Exam Procedures on MLA Changes

With the Oct. 3 compliance deadline for the Department of Defense’s Military Lending Act rule bearing down, ABA today requested examination procedures from the prudential regulators that would clarify how banks will be examined on particular points within the rule.

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ABA: Proposed Arbitration Rule Not in Public Interest

ABA and other trade groups today urged the Consumer Financial Protection Bureau not to move forward with its proposed rule on arbitration, arguing that the rule is not in the public interest, does not protect consumers, and is inconsistent with the bureau’s own study of arbitration of consumer financial products and services.

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