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CFPB initiates review of credit card late fees

The Consumer Financial Protection Bureau issued an advance notice of proposed rulemaking to reopen CARD Act rules that regulate how much financial firms can charge in credit card late fees.

Jun 23, 2022
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Article
Compliance Payments

Payments One Credit Enhances the Small Business & Commercial Card Experience

Small business and commercial card payments are an exciting growth and relationship opportunity for community banks. Both small business and commercial card types hold strong value and the size and...

Jun 22, 2022
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Article
Payments

ICBA, Groups Urge FDIC to Reconsider Reversal on Supervisory Appeals Office

The Independent Community Bankers of America (ICBA) and other groups called on the Federal Deposit Insurance Corp. to reconsider its decision to eliminate the Office of Supervisory Appeals and...

Jun 22, 2022
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Article
Commerce & Banking Lending

Building a Commercial Card Program – A Missouri Community Banker Weighs In

When Chad King, director of business services at $3.5 billion-asset First State Community Bank in Farmington, Mo., came to the bank nearly a decade ago, they charged him with setting up merchant...

Jun 22, 2022
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Article
Payments