The Office of the Comptroller of the Currency today issued a proclamation allowing national banks, federal savings associations and federal branches and agencies of foreign banks to close offices in areas of California affected by wildfires.
The OCC expects only bank offices directly affected by potentially unsafe conditions to close. Those offices should make every effort to reopen as quickly as possible to address the banking needs of their customers, it added.
Many small business owners say they have difficulty obtaining information about financial products, “which may contribute to a less competitive market,” according to a report released by the U.S. Treasury Department
As part of a last-minute flurry of rulemaking and guidance, the CFPB released a report recommending states “strengthen” consumer protections by making several changes to their laws and regulations.
Economic activity increased slightly to moderately across the 12 Federal Reserve districts in late November and December, the Fed said in the first Beige Book report of 2025.
The Consumer Price Index rose 0.4% in December after rising 0.3% the month before, and increased 2.9% over the past year, the Labor Department said.
Senate Banking Committee Chairman Tim Scott (R-S.C.) unveiled his list of committee priorities for the 119th Congress, which include re-examining Biden-era banking regulations and developing a regulatory framework for digital assets.
In an 11th-hour move, the CFPB rescinded an advisory opinion issued under the first Trump Administration that held that a particular type of earned wage access product is not “credit” under Regulation Z, which implements the Truth in...
