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Community Banking

A more holistic view benefiting both lenders and borrowers
Reducing the debit interchange cap is likely to have unintended negative consequences on smaller banks and their customers
Double the percentage of plan participants increased their contribution rate
The program provides an additional source of liquidity to banks
The new rules could save consumers over $3.5 billion in fees per year
Inflation is continuing to affect how bank customers use their money, Bank of America has found
The associations argued the CFPB’s proposal does not go far enough
Fed Bank of New York survey found short-term inflation expectations reached the lowest level in three years
Federal Reserve Governor Michelle Bowman stressed the importance of tailoring banking regulations to institutional size to avoid adverse incentives
The banking organizations wrote to the CFPB about the proposed redefinition of digital assets
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