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ABA and CBA Express “Serious Concerns” Over Proposed CFPB Nonbank Regulations

ABA and CBA Express “Serious Concerns” Over Proposed CFPB Nonbank Regulations

The banking organizations wrote to the CFPB about the proposed redefinition of digital assets
Credit Card Debt Numbers Rising According to Bankrate

Credit Card Debt Numbers Rising According to Bankrate

Almost 50% of all credit card holders are carrying credit card debt
Atlantic Union Bank Fined $6.2 Million for Illegal Overdraft Fee Harvesting

Atlantic Union Bank Fined $6.2 Million for Illegal Overdraft Fee Harvesting

The bank said it “respectfully disagrees” with the decision
Congress Votes to Scrap CFPB Small Business Lending Data Rule

Congress Votes to Scrap CFPB Small Business Lending Data Rule

The ABA and ICBA have praised Congress’ decision to nullify the rule
BoA Pays $12M Fine for Mortgage Data Misreporting

BoA Pays $12M Fine for Mortgage Data Misreporting

The CFPB has levied the fine for failing to collect information on some mortgage applications
CFPB Approves First Step for Mortgage Disclosures Project

CFPB Approves First Step for Mortgage Disclosures Project

The program allows CFPB to authorize parameters for in-market testing of alternatives to required disclosures
CFPB Proposes Extending Supervision to Nonbank Payment Providers

CFPB Proposes Extending Supervision to Nonbank Payment Providers

The regulations would ensure nonbank financial companies adhere to the same rules as large banks and credit unions
ABA Criticizes Proposed CFPB Rule On Personal Finance Data

ABA Criticizes Proposed CFPB Rule On Personal Finance Data

The ABA has warned of concerns over implementation costs
Senate Passes Resolution Against CFPB Small Business Rule

Senate Passes Resolution Against CFPB Small Business Rule

The rule requires banks to collect and report data on credit applicants
CRA Lending Will Suffer If Capital Requirements Rise, Banks Argue

CRA Lending Will Suffer If Capital Requirements Rise, Banks Argue

The ABA and Bank Policy Institute also claim that Section 1071 data rules could negatively impact community-based lending
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