Nichols: Proposed cut to debit card fees will hinder financial inclusion efforts
A proposal to significantly lower the cap on debit card interchange fees threatens to undo the considerable progress banks have...
Newsbytes
House working group to study AI in financial services
House Financial Services Committee Chairman Rep. Patrick McHenry (R-N.C.) and Ranking Member Rep. Maxine Waters (D-Calif.) announced the formation of...
ABA, state associations: Capital standards would harm banking sector, economy
The proposed implementation of the Basel III “endgame” capital regulations would constrain the banking sector’s ability to provide credit and...
CFPB issues guidance on background checks, credit file disclosure
The CFPB issued two advisory opinions for consumer reporting companies to address what it said were inaccurate background check reports...
CPI rose 0.3% in December
The Consumer Price Index increased 0.3% in December on a seasonally adjusted basis, after rising 0.1% in November, the U.S....
Senate fails to override veto on 1071 resolution
The Senate failed to override President Biden’s veto of a joint resolution to overturn the CFPB's final rule implementing Section...
Banking agencies release video on Community Reinvestment Act rule
The FDIC, Federal Reserve and OCC jointly released a prerecorded, one-hour webinar on the final rule to modernize regulations implementing...
ABA urges Labor Department to withdraw fiduciary rule
The Department of Labor’s proposed fiduciary rule is a misguided approach fraught with serious risks, costs and uncertainties for retirement...
Barr: Fed considering adjustments to proposed capital standards
Federal Reserve Vice Chairman for Supervision Michael Barr said that the Fed is considering adjustments to key provisions in its...
U.S. international trade deficit decreases in November
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was...
