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Fed joins crackdown on re-presented transactions
The Federal Reserve has joined the FDIC and OCC in targeting how banks treat single items that are repeatedly rejected for insufficient funds.
Sep 26, 2023
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Article
Compliance
Federal Deposit Insurance Corporation (FDIC)
Key stakeholders join opposition to credit card routing bill
A key member of the House along with major airlines and transportation unions last week announced their opposition to legislation that would impose credit card routing restrictions, which ICBA...
Sep 25, 2023
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Article
Credit Cards
Payments
Fed’s Bowman urges community banks to weigh in on agency rulemakings
Federal Reserve Governor Michelle Bowman encouraged community bankers to provide feedback on agency rulemakings.
Sep 25, 2023
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Article
Climate
Community Reinvestment Act (CRA)
Risk
CFPB outlines proposals to remove medical bills from credit reports
The Consumer Financial Protection Bureau said it is beginning a rulemaking process to remove medical bills from Americans’ credit reports.
Sep 22, 2023
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Article
Compliance