The FDIC today released updated videos to help bank directors, management and staff better understand and manage interest rate risk. Topics covered by the videos include current industry trends, responsibilities of the bank’s board and management team, types of interest rate risk, different risk measurement systems, key modeling assumptions, internal controls and independent review.
ABA and the Consumer Bankers Association urged a New York City agency to withdraw a proposed rule to expand the procedural requirements for creditors collecting debts in their own name.
The Office of Cybersecurity and Critical Infrastructure Protection has released a consumer advisory on avoiding cyber and online scams during the holiday season, including a warning about suspicious texts or emails claiming to come from financial institutions.
ABA joined associations representing bankers and credit unions in filing a lawsuit challenging the CFPB's effective cap on overdraft fees.
The FCC will discontinue its requirement that banks obtain certain types of Weiss safety ratings to be eligible to provide a letter of credit to telecommunications provider recipients of the Rural Digital Opportunity Fund.
Nearly 80% of commenters on the Federal Reserve’s proposed rule to lower the cap on debit card interchange fees oppose the idea, according to a new analysis by ABA.
The House GOP steering committee has chosen Rep. French Hill (R-Ark.) to chair the House Financial Services Committee in the next Congress.
