Browsing: Regulatory burden

Newsbytes

The American Bankers Association today joined a coalition of financial services trade associations in a follow-up letter to the Consumer Financial Protection Bureau regarding a recent request for comment on proposed revisions to an existing information collection on credit card terms for consumer and college credit card agreements.

Newsbytes

ABA and six other trade groups today sued the Consumer Financial Protection Bureau and Director Rohit Chopra for exceeding the agency’s legal authority in a March update to the UDAAP exam manual, in which the bureau expanded the statutory definition of “unfairness” to encompass discrimination.

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Federal regulators should “aggressively” pursue enforcement against illegal practices in digital asset markets and redouble efforts to monitor consumer complaints about bad actors, according to a series of interagency reports released today by the Treasury Department.

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