Consumer Delinquencies Tick Up, Still Near Historic Lows
Delinquencies in closed-end loans and bank cards rose slightly in last year’s fourth quarter but remain near record lows, according...
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California Federal Court Rules ‘No Surcharge’ Law Unconstitutional
Circuits are split on the constitutionality of laws prohibiting merchants from imposing a surcharge on customers for using a credit...
ABA to Fed: Basis for G-SIB Capital Surcharge Is Unclear
The Federal Reserve should withdraw its proposed capital surcharge for the largest U.S.-based global systemically important banks, ABA said in...
OCC Revises Subordinated Debt Guidance, Sample Notes
The OCC on Friday released revised and reorganized guidance for subordinated debt issued by national banks and federal savings associations.
ABA Invites Comments on Expanded EGRPRA Regulatory Review
Responding to concerns from ABA and others, the Federal Reserve, FDIC and OCC announced today that moving forward, their once-a-decade...
CFPB Reviews Consumer Complaint Trends
The Consumer Financial Protection Bureau released a report on Monday on consumer complaint trends in 2014. While complaint volume rose...
Curry Backs ABA-Advocated Thrift Charter Legislation
Comptroller of the Currency Thomas Curry today urged Congress to pass ABA-supported legislation that would provide federal savings associations with...
White House to Impose Sanctions on Foreign Cyber Criminals
President Obama today issued an executive order that authorizes the Treasury Department to impose financial sanctions on foreign cyber attackers...
Oregon Newspaper Tackles CU Tax Exemption
An investigative story in today's issue of Willamette Week, a newspaper in Portland, Oregon, critically examined whether Oregon's credit unions...
FASB to Defer Effective Date of Revenue Recognition Standard
The Financial Accounting Standards Board has approved an exposure draft that would defer the effective date of its new revenue...
