Browsing: Policy

Newsbytes ABA, trade groups: CFPB research skirts legal requirements

In a joint letter, ABA, the U.S. Chamber of Commerce and three other banking and credit union trade associations criticized the Consumer Financial Protection Bureau’s proposed study of disclosures as circumventing Paperwork Reduction Act requirements intended to ensure agency research maximizes the utility of information collected.

Economy Fed’s Jefferson: Inflation remains too high

While inflation has come down substantially since last summer, it is still too high, and by some measures progress has been slowing, Federal Reserve Governor Philip Jefferson said today during an insurance conference in Washington, D.C.

Newsbytes ABA: Stablecoin issuers need to be regulated like banks

Stablecoin issuance is a monetary exercise comparable to what regulated banks do and should be supervised accordingly to ensure financial stability and consumer protection, ABA said in a statement to the House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion.

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