Conference of State Bank Supervisors Finalize Recommendations from Fintech Advisory Panel
← Previous Article Next Article → The Conference of State Bank Supervisors (CSBS) recently agreed to implement 14 recommendations from the Fintech Industry Advisory Panel (the Panel). Recommendations include the development of a state model law to license...
Credit Demand Expected to Tighten in 2019
← Previous Article Next Article → According to a recent survey by the Federal Reserve, banks are expecting a decline in loan demand in conjunction with a deterioration of loan performance over the course of 2019. The survey was conducted over the past three...
State AGs Push Back on Proposed CFPB “Trial Sandbox”
← Previous Article Next Article → In a letter to the Consumer Financial Protection Bureau (CFPB), 22 Democratic state attorneys general (AGs) said the CFPB should revise its policy concerning no-action letters and should rethink its regulatory sandbox, which...
Congress Considers Legislation to Shield Tribes from Government Shutdowns
← Previous Article Next Article → Late last night, the President pledged to sign H.J. Res. 31, a bill that would keep the government funded through the fiscal year. Although tribes will be spared another government shutdown for now, a future one is always...
The Congressional Taskforce on Financial Technology and Innovation
← Previous Article Next Article → Earlier this year, Maxine Waters, Chair of the House Financial Services Committee, listed financial technology (fintech) as a policy priority for the committee, and much of that work will start with the creation of a new...
Federal Regulator Voices Support for CFPB’s Proposal on Small-Dollar Rule
← Previous Article Next Article → Earlier today, the Comptroller of the Currency Joseph Otting voiced his support for the Consumer Financial Protection Bureau’s (CFPB) proposal to rescind the ability-to-repay requirements under its Final Rule regarding... House Democrats Ask CFPB for Documents Related to Recent Settlements
← Previous Article Next Article → Democratic leadership in the House Financial Services Committee has sent a letter to the Consumer Financial Protection Bureau (CFPB) asking for documents related to recent settlements. The letter points out that several...
Court Questions Whether Overdraft Fees are Interest Rates
← Previous Article Next Article → The First Circuit Court of Appeals is hearing a case that will shed further light on whether a bank’s overdraft fee should be considered interest. Previous rulings have found that overdraft fees are not an extension of...
