CFPB warns mortgage comparison platforms against biasing results
The CFPB this week issued guidance warning mortgage comparison-shopping digital platforms that they are violating federal law if they direct...
Policy
Powell sees ‘significant road ahead’ on fighting inflation
Federal Reserve Chairman Jerome Powell this week reiterated his belief that further increases in the federal funds rate will be...
ABA urges flexible approach to climate risk guidelines
The Federal Reserve’s proposed guidelines to help large banks mitigate climate change risks need to be flexible to implement, and...
Rep. Barr reintroduces ABA-backed bill to encourage de novo bank formation
To help expand access to banking services and promote financial inclusion, Rep. Andy Barr (R-Ky.) last week introduced H.R. 758,...
House Republicans form working group to counter ESG proposals
Republicans on the House Financial Services Committee have formed a working group to counter what they say is the threat...
Sens. Cardin, Daines introduce ABA-backed bill to make NMTC permanent
Sens. Ben Cardin (D-Md.) and Steve Daines (R-Mont.) yesterday introduced the New Markets Tax Credit Extension Act of 2023.
OIG Report: FDIC cyber risk examination program riddled with flaws
A federal program to assess IT and cyber risks at financial institutions has several significant flaws that could prevent it...
FOMC raises rates by 25 basis points
The Federal Open Market Committee this week announced it would raise the target range for the federal funds rate by...
OCC announces loan origination threshold changes
The OCC this week issued a bulletin to inform banks and examiners that the loan origination threshold for reporting Home...
CFPB proposes to overturn longstanding credit card late fee safe harbor
The Consumer Financial Protection Bureau this week announced it would seek to curb what it called “excessive credit card late...
