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ICBA: CFPB’s 1071 rule exceeds its authority
The Consumer Financial Protection Bureau’s 1071 small-business rule exceeds the agency’s statutory authority and is arbitrary and capricious, ICBA said in a new court filing.
Agencies issue statement on financial exploitation of elderly
Five federal financial regulatory agencies and state financial regulators issued a joint statement to provide supervised institutions with examples of risk management that may be effective in...
OCC updates unfair practices booklet
The OCC issued version 1.1 of the “Unfair or Deceptive Acts or Practices and Unfair, Deceptive, or Abusive Acts or Practices” booklet of the Comptroller’s Handbook.
Relationship Managers Are Here for You
What 2025 holds for payments remains to be seen. Decreasing interest rates may fuel larger spending and comfort with revolving credit, but some businesses have begun limiting their acceptance of...