Lawmakers introduce bill to repeal Section 1071 data collection
Republicans in the House and Senate have introduced legislation to repeal Section 1071 of the Dodd-Frank Act, which requires financial...
Policy
Fed’s Bowman: Bank regulators slow to address fraud
Regulators have been “frustratingly slow” in advancing their efforts to fight bank fraud, “and seem to have done little to...
Senators examine role of regulation in ‘debanking’
Republicans on the Senate Banking Committee blasted regulators for allegedly pressuring banks to cut off services to certain customers while...
ABA, associations warn credit card rate cap would hurt consumers
A proposed bill to create an all-in annual percentage rate cap of 10% for credit cards would harm the very...
ABA vice chair testifies before House on community banks’ economic role
Community banks are an important part of the U.S. financial system and play a crucial role in both local communities...
ABA recommends FASB staff memo to address certain nonbank CECL concerns
Citing possible adverse unintentional consequences to CECL practices at community banks, ABA said it opposed changes proposed by the Financial...
Senators introduce bill to create stablecoin regulatory framework
The Guiding and Establishing National Innovation for U.S. Stablecoins Act would establish procedures for institutions seeking licenses to issue stablecoins.
FDIC releases documents on crypto supervision of banks
FDIC Acting Chairman Travis Hill said documents show the agency sent signals to banks that it would be extraordinarily difficult...
Bill would expand treatment options under HSA-qualified high deductible health plans
House lawmakers introduced a proposed bill to expand chronic disease treatment options covered by high deductible health plans, such as...
Sanders, Hawley introduce bill to cap credit card interest rates
Sens. Bernie Sanders (I-Vt.) and Josh Hawley (R-Mo.) introduced legislation to cap credit card interest rates at 10%, as suggested...
