Senators Question Yellen Over Tax Reporting Proposal (7/11/2024)

Treasury Secretary Janet Yellen faced tough questions from members of the Senate Banking Committee on the Biden administration’s controversial proposal.

Report: Bank Customers’ Financial Condition Deteriorates as Inflation Persists (7/11/2024)

A growing number of bank customers say inflation is taking a toll on their finances, including those classified as financially healthy.

Federal Court Issues Nationwide Stay of Vaccine Mandate (7/11/2024)

A federal appellate court issued a nationwide stay of enforcement of the emergency temporary standard that will require all employers with 100 or more employees to be fully vaccinated or test weekly for COVID-19.

Op-ed: Durbin-Marshall Credit Card Plan Would Hurt Local Banks, Consumers (7/11/2024)

Legislation in Congress giving merchants broad say over which credit card routing networks they use puts consumers’ financial information at risk and could spell the end of popular rewards programs.

IRS Extends Contribution Due Dates for IRAs and HSAs to May 17 (7/11/2024)

The IRS extended due dates for contributions to individual retirement arrangements, health savings accounts and other similar savings accounts to May 17.

FDIC to Increase Focus on CRE Loan Concentration in Exams (8/4/2022)

FDIC examiners will increase their focus on CRE loan concentration in the upcoming exam cycle as economic pressures and changes in work and commerce habits continue to elevate CRE lending risk.

Fed’s Brainard: Time Is Right for Crypto Regulation (7/11/2022)

Recent volatility has uncovered “serious vulnerabilities” in the crypto financial system that may require new regulation.

ABA’s Nichols: Despite Economic Headwinds, Banks Are Healthy, Prepared (5/26/2022)

While uncertainty surrounds the U.S. economy at present, America’s banks remain healthy and prepared to support the communities they serve

FDIC: Increase in Provision Expense Drives Bank Net Income Down (5/25/2022)

FDIC-insured banks and savings associations earned $59.7 billion in the first quarter of 2022, a 22.2% decrease from the year prior.

Fed Survey: Americans’ Financial Well-Being Improves in 2021 (5/24/2022)

Nearly 8 in 10 U.S. households surveyed in late 2021 said they were “doing OK” or “living comfortably.”

Fed: Roughly One in 10 Americans Using Crypto, BNPL (5/24/2022)

The Fed survey found that 12% of adults had held or used crypto in the prior year—with almost all of these using it as an investment vehicle, not a form of payment.

ABA: No Compelling Case Exists for U.S. CBDC (5/23/2022)

The creation of a central bank digital currency “should only be pursued as a final option to meet clearly defined public policy goals that cannot be achieved through payments innovations that leverage existing digital dollars.

Study: Fraud Attempts Rise 41% in 2021 (5/23/2022)

Fraud attempts shot up 41% year-over-year in 2021.

CFPB Issues Interpretive Rule on States’ Enforcement Authority (5/23/2022)

The CFPB issued an interpretive rule stating its view that state regulators and state attorneys general have enforcement authority with regard to all provisions of the Consumer Financial Protection Act.

GOP Lawmakers: CFPB Must Undo Changes to UDAAP Enforcement, Adjudications (5/23/2022)

House Republican lawmakers slammed recent changes made by the CFPB to its supervision examination manual.