CFPB Urges Card Issuers to Seek Alternatives to Deferred Interest Promotions
The CFPB recently sent letters to top retail credit card companies expressing concerns about deferred interest products, which allow consumers...
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ABA: CARD Act Has Led to Higher Credit Costs, Lower Availability
ABA today filed comments in response to the Consumer Financial Protection Bureau’s request for information regarding the consumer credit card...
House, Senate Introduce Bills to Block Fiduciary Rule
On the eve of the fiduciary rule’s effective date, Republican lawmakers in both the House and Senate introduced legislation today...
Trades: Proposed Disclosure Model for Student Accounts Add No Value for Students
In a joint letter with the Consumer Bankers Association today, ABA offered feedback to the Department of Education on the...
House Passes Financial Choice Act
The House today passed the Financial Choice Act by a mostly party line vote of 233 to 186 (one Republican,...
ABA Stonier School Graduates 214
The ABA Stonier Graduate School of Banking recognized 214 graduates today, awarding Stonier diplomas and Wharton leadership certificates.
ABA Wins Extension on CFPB’s Small Business Lending Request for Information
In response to a request by ABA and 12 other trade groups, the Consumer Financial Protection Bureau today announced that...
Nichols: Push for Reg Reform Will Shift to Senate
With the Financial Choice Act expected to pass in the House this afternoon, ABA President and CEO Rob Nichols said...
Savarese Makes Case to Senators for Reg Relief
Testifying before the Senate Banking Committee today, ABA Chairman Dorothy Savarese urged Congress to “remove regulatory impediments and let us...
OCC Addresses Bank Collaboration, Fintech in Vendor Risk FAQs
Responding to several questions flagged by ABA, the OCC today issued a set of frequently asked questions to help bankers...
