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ICBA urges CFPB to preempt state TILA law

The Consumer Financial Protection Bureau was incorrect in determining that the Truth in Lending Act does not preempt a recently enacted New York State disclosure law, ICBA said in a new comment...

Jan 23, 2023
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Article
Compliance

ICBA, groups to CFPB: Seek input on review of credit card late fee safe harbor

ICBA and other groups called on the CFPB to comply with the Small Business Regulatory Enforcement Fairness Act as it considers reducing or eliminating the safe harbor fee that credit card issuers...

Jan 23, 2023
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Article
Compliance Credit Cards

Brainard: Fed ‘staying the course’ in tackling inflation

The Federal Reserve is “determined to stay the course” to address inflation and restore price stability, Fed Vice Chair Lael Brainard said.

Jan 20, 2023
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Article
Inflation

CFPB issues guidance on ‘negative option’ subscriptions

The Consumer Financial Protection Bureau issued a circular affirming that companies offering “negative option” subscription services must comply with federal consumer financial protection law.

Jan 20, 2023
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Article
Compliance