Sen. Tillis proposes legislation to address debanking
Sen. Thom Tillis (R-N.C.) released a discussion draft of proposed legislation to address alleged debanking by banks and banking regulators...
Policy
ABA, associations urge lawmakers to end government shutdown
ABA joined 15 associations representing a wide range of industries in urging lawmakers to end the government shutdown, noting that...
Bowman: Banking agencies need to take regulatory review ‘seriously’
Banking agencies are required by Congress to review their regulations every 10 years but their past reviews have been “underwhelming,”...
FDIC’s Hill testifies on bank supervision during nomination hearing
FDIC Acting Chairman Travis Hill appeared before the Senate Banking Committee for his nomination hearing, where he once again pledged...
CFPB rescinds changes to adjudication process
The CFPB rescinded a series of changes made to its rules that, among other things, gave its director authority to...
CFPB rescinds nonbank registry rule
The CFPB has nixed a registry to track information on consumer protection violations by nonbanks, citing concerns about compliance costs.
Lawmakers, policymakers express concern about interest-bearing stablecoins
Several policymakers raised concerns with media outlets in recent days about a loophole in the Genius Act that allows stablecoin...
Court temporarily halts Section 1033 rule enforcement
A federal court issued an order preventing the CFPB from enforcing its rule on financial data sharing while the bureau...
FOMC lowers rates by 25 basis points
The Federal Open Market Committee announced that it will lower the target range for the federal funds rate by 25...
House Democrats express ‘deep concern’ about cuts at CDFI Fund
The CDFI Fund and the institutions it serves are “an essential and vital source of capital and financial services to...
