CFPB proposes ending using civil penalty funds for consumer education, financial literacy
The CFPB is proposing to stop using funds from its Civil Penalty Fund to finance consumer education and financial literacy...
Policy
FOMC once again holds rates steady
The Federal Open Market Committee announced that it will hold the target range for the federal funds rate at 4.25%-4.5%.
FATF releases revisions to international standard for payment transparency
FAFT announced several revisions to its recommendation on payments transparency, which it said will enhance the safety and security of...
Stablecoin bill clears Senate
The Senate voted in favor of legislation to establish a regulatory framework for payment stablecoins, with proposed amendments to establish...
CFPB to delay small-business lending data collection compliance dates
The CFPB will issue an interim final rule today to push back by roughly a year the compliance dates for...
Senate tax measure contains provisions on ACRE, pass-through business deduction
The Senate Finance Committee released its reconciliation tax text that contains several differences from the version passed by the House,...
Banking agencies seek public comment on strategies to combat payments fraud
The FDIC, Federal Reserve and OCC issued a request for comment on potential actions to help consumers, businesses and financial...
ABA urges CFPB to preserve streamlined mortgage relief option
The CFPB should retain a key provision of its pandemic-era servicing rules that allows servicers to offer streamlined loan modifications...
Illinois pushes back implementation date for state interchange fee law
Illinois Gov. JB Pritzker signed into law a bill that extends by a year the effective date of a first-of-its-kind...
ABA, associations reiterate concerns about CFPB nonbank registry
ABA joined two associations in reiterating their concerns about the CFPB’s nonbank registry, which the current bureau leadership has proposed...
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