Apr 1, 2025 | Congressional Legislation, News
Senate Passes Resolution Repealing CFPB Overdraft Rule; House Action Awaits Last week, the U.S. Senate voted to repeal the final rule from the Consumer Financial Protection Bureau (CFPB) to cap rate fees. The Senate passed Banking Committee Chairman Tim Scott’s...
Mar 26, 2025 | Federal Regulation, News
OCC Announces It Will Remove “Reputation Risk” from Bank Examination Manual The Office of the Comptroller of the Currency (OCC) recently announced that it will remove the term “reputation risk” from its examination manual. The examination teams will not...
Mar 20, 2025 | Federal Regulation, News
Trump Picks Michelle Bowman as Federal Reserve Vice Chair for Supervision Last week, as many watchers had anticipated, President Trump announced the nomination of Federal Reserve Governor Michelle Bowman as the agency’s Vice Chair for supervision. “Miki has been...
Mar 18, 2025 | Federal Regulation, News
New York Moves to Strengthen Consumer Protection Laws Letitia James, New York State Attorney General, recently announced a new bill to protect the state’s consumers and small businesses from deceptive practices and scams from lenders, health care firms, and debt...
Mar 12, 2025 | Congressional Legislation, News
Senate Banking Chairman Tim Scott Introduces “Debanking” Bill Earlier this month, Senator Tim Scott (R-S.C.), Chairman of the Senate Banking Committee, introduced the Financial Integrity and Regulation Management (FIRM) Act, legislation to curb “debanking”...
