Banking agencies seek public comment on strategies to combat payments fraud
The FDIC, Federal Reserve and OCC issued a request for comment on potential actions to help consumers, businesses and financial...
Newsbytes
ABA urges CFPB to preserve streamlined mortgage relief option
The CFPB should retain a key provision of its pandemic-era servicing rules that allows servicers to offer streamlined loan modifications...
Illinois pushes back implementation date for state interchange fee law
Illinois Gov. JB Pritzker signed into law a bill that extends by a year the effective date of a first-of-its-kind...
ABA, associations reiterate concerns about CFPB nonbank registry
ABA joined two associations in reiterating their concerns about the CFPB’s nonbank registry, which the current bureau leadership has proposed...
Basel Committee issues voluntary climate disclosure framework
Reflecting significant pushback from both ABA and U.S. banking agencies, the Basel Committee last week issued a framework for voluntary...
ABA, associations urge CFPB to rescind changes to adjudication process
ABA joined three associations in voicing support for a CFPB proposal to rescind a set of changes to the bureau’s...
ABA DataBank: May inflation cooler than expected, but still above Fed’s 2% target
With many economists expecting inflation to spike following the implementation of reciprocal tariffs, the headline Consumer Price Index rose 2.4%...
Consumer sentiment rebounds in June
The University of Michigan Consumer Sentiment Index increased 15.9% in June compared to the month prior, landing at 60.5, according...
Survey: Banks boosting cybersecurity due to AI while also investing in technology
Most U.S. banks are increasing their cybersecurity efforts because of emerging technologies such as generative artificial intelligence, and many of...
Proposal to end Fed interest payments to banks faces pushback
Senate Banking Committee Chairman Tim Scott (R-S.C.) said a proposal to prevent the Federal Reserve from paying interest to banks...
