ABA, CBA Call for Consistent Oversight of Bank, Big Tech Payments Products
In a letter to the CFPB today, the American Bankers Association and the Consumer Bankers Association emphasized the need for...
Newsbytes
U.S. International Trade Balance Shrinks in October
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was...
Consumer Credit Increases in October
In October, consumer credit increased at a seasonally adjusted annual rate of 4.6%. Revolving credit increased at an annual rate...
CFPB Finalizes Reg Z Libor Proposal
As the industry prepares for the discontinuation of Libor, the CFPB today finalized changes to Regulation Z designed to facilitate...
ABA, Trade Groups Urge Congress to Pass Libor Legislation
The American Bankers Association and a coalition of trade groups today urged congressional leaders to pass H.R. 4616, the Adjustable...
FinCEN Seeks Comments on Proposed Real Estate Sector Reporting Requirements
The Financial Crimes Enforcement Network is seeking comment on a potential rule on real estate reporting requirements.
ABA, Trade Groups Push for FHA Roadmap on Replacing Libor
The American Bankers Association and a coalition of trade groups today—in response to an advanced notice of proposed rulemaking by...
OCC: Operational, Strategic Risk Elevated; Banks Remain Resilient
In its Semiannual Risk Perspective Report, the OCC flagged operational and strategic risk as being elevated, with banks continuing to...
ABA Supports Strengthening CDFI Fund’s Small Dollar Loan Program
In a comment letter submitted on Friday, the American Bankers Association expressed support for strengthening the Community Development Financial Institutions...
ARRC Recommends SOFR Fallbacks for 1-Week, 2-Month Libor Contracts
As required by state laws passed in New York and Alabama, the Alternative Reference Rates Committee published a statement today...
