Legislation giving merchants broad say over which credit card routing networks they use will be a security risk for consumers as well as a blow to banks of all sizes, bank and credit union representatives said Wednesday during a well-attended briefing on S. 4674 for Capitol Hill staff hosted by ABA and the National Association of Federally-insured Credit Unions.
Browsing: Regulatory burden
The American Bankers Association and several banking trade groups today called on the CFPB to provide additional information on a recent request for comment on proposed revisions to an existing information collection on credit card terms for consumer and college credit card agreements.
The Office of the Comptroller of the Currency will lower assessment fees in 2023 as part of an effort to close the pricing differential between state and federal charter assessments.
A California bill that would have required certain companies to disclose greenhouse gas emissions will not become law after it failed to garner enough votes for passage in the California State Assembly.
In comments filed with the FDIC Friday, the American Bankers Association and Bank Policy Institute came out against an agency proposal to replace troubled debt restructuring in assessments scorecards for large banks with a new term, “modifications to borrowers experiencing financial difficulty.”
In a comment letter filed Friday, the American Bankers Association Securities Association and two other trade groups raised concerns about a Treasury Department proposal to require additional post-trade data transparency in the Treasury securities market, saying that information could have “significant” potential downsides if it were made publicly available.
The Securities and Exchange Commission today adopted new requirements for company disclosures concerning executive compensation.
Raising deposit insurance assessment rates during a time of economic stress leads to a “significant drop” in bank lending growth, which disproportionately affects smaller community banks, according to a working paper published today by the FDIC’s Center for Financial Research.
Legislation in Congress giving merchants broad say over which credit card routing networks they use…
The American Bankers Association and five trade associations came out against a proposed two basis-point increase in deposit insurance assessment rates in comments submitted to the FDIC today, saying “such an aggressive assessment rate increase is unwarranted.”