U.S. international trade deficit increases in December
The international trade deficit was $62.2 billion in December, up from $61.3 billion in November, the Commerce Department announced.
Newsbytes
Research: Credit card routing bill benefits large retailers over small businesses
A proposed credit card routing mandate bill would result in the transfer of billions of dollars from consumers to the...
Treasury Department: Investment fraud schemes cost consumers billions of dollars
Investment fraud schemes have surpassed business email compromise as the leading scam in terms of dollar losses to consumers, the...
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...
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...
