CFPB sets Reg Z annual threshold adjustments for 2024
The Consumer Financial Protection Bureau has announced the 2024 dollar amounts for the annual threshold adjustments for Regulation Z, which implements the Truth in Lending Act.
Author Walt Williams
Walt Williams
Walt Williams is Associate Editor of ABA Banking Journal.
Stressing ‘community’ in community banking
As CEO of First United Bank and Trust, ABA Treasurer Carissa Rodeheaver views personal relationships as the core business strength of the institution.
Sens. Brown, Vance seek to exclude certain deposits from special assessment
The FDIC should focus on the types of uninsured deposits that were at the greatest run risk during the recent bank failures in its special assessment, Senate Banking Committee Chairman Sherrod Brown (D-Ohio) and Sen. J.D. Vance (R-Ohio) said.
Fed lifts remaining order limits on coins
Federal Reserve Banks will return to regular coin distribution for all coin denominations starting July 17, the agency announced.
ABA, associations raise concerns on proposed rulemaking for patent appeals
A series of proposed changes restricting access to America Invents Act post-grant proceedings before the Patent Trial and Appeal Board are contrary to congressional intent and create unnecessary hurdles for businesses that are sued by entities on weak patents that should have never been issued, the ABA and six associations said.
FOMC pauses rate hikes, says more increases likely coming
The Federal Open Market Committee announced it would leave the target range for the federal funds rate at 5% to 5.25%, marking the first pause since it began raising rates last year.
Report finds MDIs key to closing racial wealth gap
Assets at minority depository institutions grew from $246 billion in 2010 to $329 billion in 2022, with a significant amount of that growth occurring between 2019 and 2021, according to a new report on MDIs by the National Bankers Association Foundation.
Sens. Tillis, Tester call for independent investigation of bank failures
Sens. Thom Tillis (R-N.C.) and Jon Tester (D-Mont.) urged President Biden to appoint an independent investigator to further probe the recent bank failures.
House Oversight Committee probes San Francisco Fed’s role in SVB failure
House Oversight and Accountability Committee leaders wrote to San Francisco Federal Reserve Bank President and CEO Mary Daly requesting documents and information related to the oversight of Silicon Valley Bank.
ABA, associations: Regulatory overreach could reduce credit access
Credit cards are a safe, accessible and affordable form of consumer credit, but that could be at risk if CFPB and Congress impose imprudent regulations, according to a letter sent to CFPB yesterday by ABA and two banking and credit union associations.