|
|
Results 1 - 10 of 855 |
Posted Date: Friday, February 7, 2025
Bipartisan legislation seeking to establish a five-year annual percentage rate cap for credit cards met with strong pushback from organizations representing banks and credit unions. The bill aligns with a campaign promise by President Donald Trump calling for a 10 percent cap on credit card interest rates. Read on »
Posted Date: Friday, January 17, 2025
Legislation introduced by Sen. Cindy Hyde-Smith (R-Miss.) and Rep. Andy Barr (R-Ky.) is intended to renew efforts to encourage the creation of banks serving rural and other underserved communities by easing federal regulatory restrictions for newly established institutions in these areas. Read on »
Posted Date: Friday, January 10, 2025
The Senate Banking Committee will have a new leadership makeup in the next Congress. Sen. Tim Scott (R-S.C.) will move from the ranking member role to the chairmanship, and Sen. Elizabeth Warren (D-Mass.) will become the new committee’s new ranking member. Read on »
Posted Date: Friday, December 27, 2024
The Senate voted 85-11 to extend current government funding levels to avoid a government shutdown and to implement a one-year extension to the 2018 Farm Bill, which includes a $10 billion farm aid package in the year-end continuing resolution. Read on »
Posted Date: Friday, December 6, 2024
The U.S. Department of Justice and the Consumer Financial Protection Bureau issued a joint letter intended to remind financial services providers of their responsibility to honor interest rate protections for servicemembers, recent veterans and their spouses as stipulated in the Servicemembers Civil Relief Act. Read on »
Posted Date: Tuesday, December 3, 2024
The Farmer Assistance and Revenue Mitigation Act, legislation intended to provide targeted relief to farmers struggling from the impact of circumstances beyond their control, has received expressed support from the community banking sector. The bill includes language intended to support farmers who have suffered economic losses due to adverse weather conditions and low commodity prices. Read on »
Posted Date: Wednesday, November 27, 2024
Predatory lending is now a criminal offense punishable with jail time in California following the enactment of California Assembly Bill 3108 in September. The legislation expanded the legal definition of “mortgage fraud” to include any mortgage broker or person who originates a loan with the intent to defraud someone. Read on »
Posted Date: Wednesday, November 27, 2024
Rumblings that Congress may be considering excluding language banning the use of “trigger leads” by creditors in the National Defense Authorization Act (NDAA) is causing some concern among industry advocates. The Community Home Lenders of America released a statement urging policymakers to address trigger leads in the NDAA. Read on »
Posted Date: Friday, November 22, 2024
A coalition of financial advocacy groups wrote to members of Congress expressing strong disapproval of the Credit Card Competition Act (S. 1838) or any other expansion of the Durbin amendment ahead of the Nov. 19 hearing of the Senate Judiciary Committee.
The bipartisan bill, originally introduced last year by Sen. Richard Durbin (D-Ill), would prohibit certain credit card issuers with assets of over $100 billion from restricting the number of networks on which electronic credit card transactions may be processed. Read on »
Posted Date: Tuesday, November 19, 2024
The potential impact of the 2024 U.S. election cycle on housing policy and financial regulation could be enormous as Republicans seem poised to take control of the presidency, the Senate and the House in January.
To get a sense of the magnitude of what changes could be looming ahead, Dodd Frank Update spoke with two experts from the CRE Finance Council, which released a 2024 Election Scenario Analysis pontificating on the numerous potential outcomes of the three concurrent elections. Read on »
|
Monthly Newsletter |
Cover Story:
|
|