The Financial Stability Oversight Council proposed new guidance to walk back recent changes for determining whether nonbanks should be subject to Federal Reserve supervision.
Lawmakers in the House and Senate announced the introduction of four bills to revise the deposit insurance framework, with a focus on noninterest-bearing transaction accounts.
ABA presented lawmakers with a national blueprint for fighting fraud and scams, which included requiring telecommunications and social media companies to do their part and giving states and local governments the resources to target financial crimes.
Proposed laws to ban the collection of interchange fees for certain payments have advanced in Colorado and Delaware even as federal courts weigh the legality of a similar law in Illinois.
The Federal Reserve is not tracking the information needed to improve the efficiency and timeliness of processing applications for community bank mergers and acquisitions, the Fed Office of Inspector General concluded in a new report.
Proposed acquisitions announced of banks in Michigan, Washington, Missouri and Iowa.
