ABA, CBA urge FTC to exclude banks from proposed ban on ‘unfair’ fees
A Federal Trade Commission proposal to prohibit unfair or deceptive practices relating to fees for goods or services risks creating...
Newsbytes
NCUA to require credit unions to report overdraft, NSF fees
The National Credit Union Administration is planning to require credit unions with more than $1 billion in assets to report...
House lawmakers question Yellen on proposed capital standards
Lawmakers on the House Financial Services Committee pressed Treasury Secretary Janet Yellen about proposed capital standards for certain banks, saying...
Bank mergers announced in Midwest, Carolinas
Banks in Minnesota, Illinois, North Carolina and South Carolina announce planned mergers.
Lawmakers request hearing on Navy Federal Credit Union lending practices
Seven lawmakers on the House Financial Services Committee are seeking a hearing on the nation’s largest credit union following media...
FEMA proposes updates to flood insurance forms for homeowners
The Federal Emergency Management Agency issued its long-awaited proposed rule to amend the Standard Flood Insurance Policy, representing the first...
Banking agencies seek public comment in review of regulatory burden
The Federal Reserve, FDIC and OCC published the first in a series of requests for public comment on reducing the...
New York Fed: Household debt hit $17.5 trillion in Q4 2023
Total household debt rose by $212 billion to reach $17.5 trillion in the fourth quarter of 2023, according to the...
ABA, associations sue federal regulators over CRA implementation rules
ABA, the U.S. Chamber of Commerce and five national and state associations sued the Federal Reserve, FDIC and OCC for...
Fed survey: Business lending standards tightened in Q4 2023
Banks reported tighter standards and weaker demand for commercial and industrial loans to firms of all sizes over the fourth...
