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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
FDIC “Missed Opportunities” in First Republic Bank Supervision

FDIC “Missed Opportunities” in First Republic Bank Supervision

Report from the FDIC’s Office of the Inspector General found the agency should have taken earlier action
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
FDIC Establishes Committee to Oversee Workplace Review

FDIC Establishes Committee to Oversee Workplace Review

The special committee will examine allegations of a toxic workplace culture and sexual harassment
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
Americans Want Credit Unions and Banks Held to Same Standards

Americans Want Credit Unions and Banks Held to Same Standards

New ABA survey shows most Americans don’t know the difference between a bank and a credit union
Governor Michelle Bowman

Federal Reserve: Capital requirement reforms could pose “significant risks”

Governor Michelle Bowman urged policymakers to consider the risks of regulatory reforms
CFPB Issues Guidance on Junk Fees Law

CFPB Issues Guidance on Junk Fees Law

The regulator has issued an advisory opinion on the rules for large banks
FDIC Votes To Tighten Governance Standards For Large Banks

FDIC Votes To Tighten Governance Standards For Large Banks

The new rules proposed in response to the collapse of several large banks this year
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