Podcast: Credit card rewards are for all people
With the availability of credit card rewards at stake under the Durbin-Marshall credit card bill, bill sponsor Sen. Roger Marshall...
Policy
Fed’s Bowman says further rate hikes likely
The Federal Open Market Committee will likely need to continue raising the federal funds rate to meet its goal of...
ABA recommends changes to proposed financial asset accounting standards
ABA recommended several revisions to a proposed Financial Accounting Standards Board update concerning accounting for acquired financial assets.
ABA, trade groups: Bill to cap credit card rates would harm consumers
A Senate bill that would set an all-in annual percentage rate cap for credit cards at 18% would severely restrict...
CFPB proposes removing medical bills from credit reports
The CFPB announced it has begun a rulemaking process to remove medical bills from consumer credit reports.
FDIC’s Hill says banking regulators need to narrow focus
Federal bank agencies are “trying to do too much all at the same time” and need to better appreciate how...
House Committee advances bills on FinCEN oversight, CBDC
The House Financial Services Committee advanced legislation that would increase congressional oversight of the FinCEN and prohibit the Federal Reserve...
Senators introduce new version of SAFE Act
A bipartisan group of senators introduced a new version of a bill to enable financial institutions to serve legitimate cannabis...
Gruenberg sees room for more supervision of nonbanks
Nonbank financial institutions have become an integral part of the financial services landscape, and as a result, banks and nonbanks...
Federal Reserve leaves rates untouched
The Federal Open Market Committee announced that it would not raise the federal funds rate, leaving the target range at...
