ABA: CFPB proposal will discourage earned wage access products
The CFPB's proposed interpretive rule governing earned wage access products will discourage banks from offering these products, limiting access to...
Policy
FHLBs: Treasury Department’s affordable housing proposal not sustainable
A request by Treasury Department officials to have the Federal Home Loan Banks voluntarily raise the percentage of net income...
Federal Reserve announces final individual capital requirements for large banks
The Federal Reserve announced the final individual capital requirements for all large banks, effective Oct 1. The requirements are informed...
ABA, associations: Electronic transfer fraud reimbursement bill would harm financial inclusion
ABA and three associations said they opposed legislation to require financial institutions to reimburse customers for electronic fund transfers that...
Report: Legislative action needed to open bank access to marijuana-related businesses
A Biden administration plan to ease federal restrictions on marijuana is unlikely by itself to eliminate the legal risks for...
FinCEN releases final rules for residential real estate reporting, and investment advisers
FinCEN released two final rules requiring certain residential real estate professionals and investment advisers to report suspicious activity tied to...
CFPB ignores bank access data in swipe at industry
Despite public data showing that nearly 96% of Americans live within a few miles of a bank or credit union...
Credit union buys naming rights for NFL stadium
Announcement by the Washington Commanders was the latest in a series of multimillion-dollar marketing deals by credit unions that have...
Federal court rejects challenge to Section 1071 final rule; ABA, TBA to appeal
A federal court denied a request for summary judgment in a lawsuit by ABA, the Texas Bankers Association and others...
Treasury Department releases semiannual regulatory agenda
The Treasury Department recently issued its semiannual agenda to indicate that FinCEN intends to move forward on three notices of...
