Senate hearing rekindles debate over Durbin amendment
At a Senate Judiciary Committee hearing, banking, credit card industry representatives and some lawmakers pushed back against proposals to expand interchange ...
Tag: Credit cards
CFPB report flags auto servicing, consumer reporting issues
The CFPB issued a “Supervisory Highlights” report focusing on recent examiner observations of several financial products.
How Competitive Is the Credit Card Market?
A look at the card market shows robust competition among card networks and issuers.
CFPB Releases Report on Credit Card Fees
Credit card late fees account for over half of the credit card market’s total consumer fees, according to a report ...
ABA Regulatory and Compliance Inbox: Can We Base Mortgage Credit Decisions on the Assets of the Borrower?
What would my bank report if instead of income it based the credit decision on the assets of the borrower?
Report: Credit Card Purchase Volume Increases in Third Quarter
Credit card monthly purchase volumes increased in the third quarter compared to the second quarter of 2021, according to the ...
Fed Survey: Loan Easing Trend Continues in Q4 2021
Banks continued to ease standards on commercial, mortgage and personal loan products amid mixed demand, according to the Federal Reserve’s ...
CFPB Signals Intention to Scrutinize Credit Card Fees, Practices
In a new blog post this week, the CFPB said it is “looking to use a long-dormant authority” under Dodd-Frank ...
Fed Observes ‘Unprecedented Decline’ in In-Person Payments during COVID
Payment behavior “changed sharply in 2020 with the COVID-19 pandemic,” the Federal Reserve said today in a new research brief.
CFPB Flags Mortgage Servicing, Fair Lending Issue in Supervisory Highlights Report
The CFPB today issued a “Supervisory Highlights” report focusing on examiner observations of several financial products conducted between January and ...
