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CFPB planning inquiry on credit card interest rates
The Consumer Financial Protection Bureau released a blog post targeting the growing divergence between credit card interest and charge-off rates—and previewing an inquiry into industry practices.
ICBA Urges Policymakers to Prioritize National Security in New Crypto Rules
The Independent Community Bankers of America (ICBA) told the Treasury Department that policymakers developing new rules for cryptocurrency should prioritize protecting national security amid...
ICBA guide supports August recess meetings
With Congress breaking for the August recess, ICBA offers an updated version of its “Meetings on Main Street” guide to help community bankers host members of Congress.
House lawmakers press FDIC on appeals office change
Republican members of the House Financial Services Committee pressed the FDIC on its ICBA-opposed decision to eliminate the Office of Supervisory Appeals and reinstate the Supervision Appeals...
Trades Petition CFPB to Ensure Data Aggregation Services Market is Fair, Transparent and Competitive
Eight national trade groups petitioned the Consumer Financial Protection Bureau to initiate a rulemaking that will strengthen the privacy and security of consumer financial data held by fintechs,...
FS-ISAC covers Robin Banks phishing platform
The Financial Services Information Sharing and Analysis Center’s latest weekly risk report spotlights the new phishing-as-a-service platform, Robin Banks.
ICBA: Uniform Community Reinvestment Act Rule Should Minimize Burdens on Community Banks
The Independent Community Bankers of America (ICBA) today called on federal banking regulators to issue a uniform final rule on Community Reinvestment Act modernization that minimizes new data...
Credit union field of membership application blocked in Virginia
The Virginia State Corporation Commission denied Virginia Credit Union Inc.’s application to expand its field of membership to include the Medical Society of Virginia—the latest setback to the...