The Consumer Financial Protection Bureau under Director Rohit Chopra is pursuing “a radical and highly-politicized agenda unbounded by statutory limits,” the 12 Republican members of the Senate Banking Committee said today in a letter to the agency.
ABA’s Kinsella recaps key provisions of the Inflation Reduction Act.
A proposed bill that would allow merchants to control how banks process credit card transactions would be a pain for consumers, small businesses and community banks trying to meet the needs of their customers, Shan Hanes, CEO of Heartland Tri-State Bank in Elkhart, Kansas, and board chair of the Kansas Bankers Association, said today in an op-ed for The Topeka-Capital Journal.
Legislation in Congress giving merchants broad say over which credit card routing networks they use…
Following passage by the Senate earlier this month, the House today passed the Inflation Reduction Act, a bill to address selected portions of the Biden administration’s agenda for climate change, healthcare and tax policy.
ABA released a new ad today encouraging congressional candidate and former U.S. Rep. Bruce Poliquin (R-Maine) to continue opposing a misguided plan to have the IRS collect sensitive and personal financial information on nearly every American.
ABA joined the Missouri Bankers Association today in releasing a new ad encouraging U.S. Rep. Ann Wagner (R-Mo.) to keep fighting for bipartisan tax cuts for families and main street businesses.
After months of negotiating, the Senate yesterday passed legislation to address selected portions of the Biden administration’s agenda for climate change, healthcare and tax policy.
ABA joined a broad coalition of state bankers associations and credit union associations in a strongly worded letter sent Friday to congressional leaders opposing S. 4674, the Credit Card Competition Act of 2022. The bill, which was introduced by Sens. Roger Marshall (R-Kan.) and Dick Durbin (Ill.), would create new credit card routing mandates that will affect banks that issue credit.
Expressing concern that the CFPB is acting contrary to its authorizing statute, three senior members of the House Financial Services Committee yesterday sought information on the CFPB’s collaborations with state attorneys general enforcement actions.