ABA, trade groups: CFPB exceeds authority with exam manual update
CFPB's change is "contrary to law and subject to legal challenge" as well as potential congressional action, the groups said.
Policy
ABA, groups seek longer comment period for ‘unexpected’ CFPB card fee ANPR
The American Bankers Association and several other trade groups last week requested a 60-day extension to the comment period for...
Fed stress tests confirm banks could continue lending during a ‘severe recession’
Large banks continued to maintain strong capital levels under a hypothetical severe global recession and substantial stress in commercial real...
ABA, state associations to agencies: Protect banks’ freedom to make business decisions
As ESG guidance and disclosures from regulators proliferate, banks must remain free to lend to, invest in and do business...
Treasury seeks input on improving transparency, resiliency in Treasury markets
The Treasury Department issued a request for information on steps it could take to improve post-trade data transparency in the...
ABA, trade groups cite ‘serious concerns’ with ADPPA
While underscoring their full support for consumer data privacy and security, they noted that their members have been subject to...
CFPB targets credit card fees
CFPB Director Rohit Chopra today announced an advance notice of proposed rulemaking focusing on credit card late fees.
Agencies update spring rulemaking agendas
The federal regulatory agencies this week announced updates to their spring rulemaking agendas for 2022. Among the CFPB’s priorities are...
Banking groups cry foul after FDIC abruptly closes OSA, reinstates SARC
ABA and five other banking trade groups this week shared their concern with the FDIC’s decision to eliminate the recently...
FDIC proposes significant increases in deposit insurance assessments
The FDIC today signaled an intent to aggressively raise deposit insurance assessment rates, proposing a two basis-point increase beginning in...
