CFPB proposes public registry of nonbank contract terms
The Consumer Financial Protection Bureau this week proposed creating a public registry of terms and conditions in non-negotiable, nonbank contracts...
Policy
ABA announces recent hires on congressional relations team
The American Bankers Association today announced several new and recent additions to its congressional relations team.
Powell: Federal Reserve not ‘climate policymaker’
Barring congressional action, it would be inappropriate for the Federal Reserve to use monetary policy or supervisory tools to promote...
ABA urges Labor Department to reconsider QPAM proposal
The American Bankers Association this week reiterated concerns about proposed amendments to Prohibited Transaction Exemption 84-14, known as the Qualified...
FTC proposes ban on noncompete clauses
The Federal Trade Commission this week proposed a new rule to ban the use of noncompete clauses in employee contracts.
OCC: U.S. banks remain resilient
The federal banking system remains resilient despite a recent dip in profitability as pandemic-related economic aid phased out, with banks...
Agencies issue regulatory agenda addressing overdraft, NSF fees, other issues
The Biden administration today issued its Fall 2022 Semiannual Regulatory Agenda—a semiannual listing of rulemakings that departments and agencies expect...
ABA cautions against new rules for large bank failures
Potential new regulatory requirements to cushion the economic effects of certain large bank failures would not result in real benefits...
FOMC minutes: Members worried about market reaction to rate hike slowdown
At their December meeting, Federal Open Market Committee members agreed that further increases in the federal funds rate would be...
CFPB: Credit reporting agencies improved consumer complaint process
The nation’s three largest consumer reporting agencies have improved how they handle consumer complaints since a 2022 report faulted them...
