ABA urges agencies to reconsider proposed long-term debt requirement
Banking regulators should drop a proposal for a long-term debt requirement for banks with more than $100 billion and instead...
Policy
Fed’s Waller: Proposed capital standards should be pulled
The proposed Basel III endgame capital standards should be pulled and reintroduced after several problems are fixed, Federal Reserve Governor...
Compounding the costs: The regulatory tsunami and small businesses
A gust of new regulations on lenders would add headwinds for beleaguered small businesses
CFE Fund: Interchange fees ‘relevant component’ for Bank On sustainability
Interchange fees are “a relevant component” for helping make Bank On accounts economically sustainable for participating financial institutions, the Cities...
ABA, CBA recommend changes to proposal to ease bank hiring restrictions
In a joint letter, ABA and the Consumer Bankers Association said that while they support proposed FDIC rulemaking to ease...
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...
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...
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...
