Community Bankers Council members urge Congress to close stablecoin loophole
Lawmakers should use proposed market structure legislation to ensure that the Genius Act’s prohibition on interest applies to affiliates and...
Newsbytes
ABA, associations support TCPA reform, urge action by FCC to combat fraud
ABA led a group of eight financial trade associations in expressing support for proposals to the Federal Communications Commission that...
Court rules that administration must request CFPB funding
The Trump administration must continue to seek funding for the CFPB, a federal judge ruled last week.
CFPB issues report on credit card market
Purchase volume on consumer credit cards increased to $3.6 trillion in 2024, up from $3.2 trillion two years prior, according...
Treasury announces U.S. exemption from global minimum business tax
U.S.-based multinational companies will be exempt from the OECD Pillar Two global minimum tax framework under a new international agreement...
ISM: Manufacturing sector contracted in December
The U.S. manufacturing sector contracted in December for the tenth month in a row, following a two-month expansion preceded by...
Treasury announces increased oversight of CDFI Fund, award recipients
The Treasury Department will require the CDFI Fund to modify its New Market Tax Credits program allocations to ensure compliance...
FDIC updates IDI resolution planning for large banks
The FDIC announced proposed changes to insured depository institution resolution planning requirements, or IDI rule. The rule, including the expected...
CFPB opens filing period for 2025 HMDA data
Banks can use the HMDA platform to upload their loan/application registers, review edits, certify the accuracy and completeness of the...
FDIC posts sample docs to provide clarity into marketing, sale process of failing banks
Eleven new sample documents were released, covering franchise sales and loan pools, including purchase and assumption agreements, confidentiality agreements and...
