Missing the point on credit card APR margins
Contrary to showing anti-competitive behavior, as the CFPB misreads the data, credit cards are a competitive sector that has expanded...
Policy
Bipartisan group of lawmakers: Lowering debit fees could harm financial inclusion
A Federal Reserve proposal to lower debit interchange fees could make Bank On-certified accounts too costly for banks to offer...
FinCEN pauses certain BOI reporting due to court decision
FinCEN announced it would pause collecting beneficial ownership information from certain individuals and businesses in response to a court ruling.
CFPB to curtail credit card late fee safe harbor
The CFPB released a final rule sharply reducing allowable late fees on credit card payments. ABA said the rule is...
Rep. McHenry: Fed blundered policy response to bank failures
Federal Reserve regulators get “a failing grade” for their policy response to last year’s bank failures, House Financial Services Committee...
The FDIC’s unusual loan from the Federal Reserve
The FDIC’s unexplained decision to borrow from the Fed to resolve failed banks last spring — and the Fed’s choice...
Growing number of lawmakers seek investigation of Navy Federal Credit Union
Two dozen House lawmakers called on federal regulators to investigate the nation’s largest credit union following reports of racial disparities...
CFPB analysis obscures truth on credit card market
A recent Consumer Financial Protection Bureau report on credit card competition misses the mark.
Don’t take our word for it
The entire U.S. economy faces harms from the Basel III endgame. The public’s concerns warrant a data collection and analysis...
Report: FOMC sees progress in inflation fight
At 5.25% to 5.5%, the target range for the federal funds rate has likely reached its peak in a cycle...
