FDIC Issues Draft Principles on Climate Risk Management
The FDIC today released for comment a set of draft principles to guide a framework for climate risk management for...
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CFPB Releases Report on Credit Card Fees
Credit card late fees account for over half of the credit card market’s total consumer fees, according to a report...
ABA, Trade Groups Express Concerns on OECD ‘Pillar 2’ Minimum Tax Proposal
The American Bankers Association this week joined a coalition of trade groups in a letter to Treasury Secretary Janet Yellen...
OCC Designates Points of Contact for Computer Security Incident Notifications
With a joint agency final rule requiring banks to notify their primary regulatory within 36 hours of becoming aware of...
Biden Administration’s ‘Green Book’ Details Tax Proposals
The Biden administration yesterday released its “Green Book,” a document that contains proposed tax changes that the administration will likely...
ABA Urges FinCEN to Revise Pilot SAR Sharing Program
The American Bankers Association today told the Financial Crimes Enforcement Network that the proposed pilot program for domestic financial institutions...
Hsu Repeats Overdraft Warning in American Banker Op-Ed
Acting Comptroller of the Currency Michael Hsu today reiterated the controversial warning he first issued to banks earlier this month...
Survey: Banking as a Service Expected to Reach $7 Trillion Value by 2030
Banking as a service—where organizations provide retail banking products using an existing licensed institution’s infrastructure—is expected to reach a value...
ABA Highlights Need for Consumer Protections in BNPL Marketplace
The American Bankers Association last week called on the CFPB to monitor the rapidly expanding “buy now, pay later” marketplace...
FDIC Seeks Input on Bank Mergers
The FDIC issued a request for information today seeking public input on bank merger transactions, including mergers between an insured...
