American Credit News Reports News

American Fintech Council backs bipartisan act against deceptive credit repair practices

The American Fintech Council (AFC) has expressed its strong support for the Ending Scam Credit Repair Act, a bipartisan bill introduced by Representatives Young Kim (R-CA) and Sarah McBride (D-DE).

ICBA responds positively to Trump's freeze on new federal rulemakings

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey has expressed gratitude to President Donald Trump for his executive order that halts new federal rulemakings.

ICBA welcomes President Trump; plans cooperation with new administration

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey has issued a statement on the inauguration of Donald Trump as the 47th president of the United States.

ICBA calls for clarity in new crypto policies under Trump's leadership

The Independent Community Bankers of America (ICBA) has expressed its views on the anticipated executive order concerning digital assets by President-elect Donald Trump.

AFC urges FDIC to rethink custodial accounts rule

The American Fintech Council (AFC) has formally requested the Federal Deposit Insurance Corporation (FDIC) to reconsider its Proposed Rule on Recordkeeping for Custodial Accounts.

ICBA announces board nominees ahead of March vote

The Independent Community Bankers of America (ICBA) has announced its nominees for the 2025-26 board of directors.

SoFi announces $525 million securitization deal with PGIM Fixed Income

SoFi Technologies, Inc. and PGIM Fixed Income have announced a $525 million securitization agreement for personal loans, closed in the fourth quarter of 2024.

ICBA supports bill aiding creation of new community banks

The Independent Community Bankers of America (ICBA) has expressed its support for a new legislative initiative aimed at facilitating the formation of community banks.

Bank of America announces Q4 financial results; CEO Moynihan leads discussion

Bank of America has announced its financial results for the fourth quarter of 2024.

BHG Financial joins American Fintech Council to enhance innovative lending solutions

BHG Financial has joined the American Fintech Council (AFC), an association representing fintech companies and innovative banks.

House Financial Services Committee sets organizational meeting for January

The House Financial Services Committee, led by Chairman French Hill (AR-02), has announced its Organizational Meeting for the 119th Congress.

AFSA congratulates new Congress chairmen, outlines 2025 priorities

AFSA has reached out to Senate Banking Chairman Tim Scott and House Financial Services Chairman French Hill to extend congratulations on their appointments as chairmen for the 119th Congress.

AFSA critiques CFPB's supervisory highlights on auto finance issues

The American Financial Services Association (AFSA) has responded to the Consumer Financial Protection Bureau's (CFPB) Auto Finance Special Edition of Supervisory Highlights.

New poll reveals strong public backing for ICBA's community bank policy priorities

The Independent Community Bankers of America (ICBA) has released new polling data that shows significant public support for its "Repair, Reform, and Thrive" plan.

New House task force targets monetary policy and economic resilience

House Financial Services Committee Chairman French Hill announced the formation of a new task force focused on monetary policy, treasury market resilience, and economic prosperity for the 119th Congress.

Rocket Companies refreshes brand identity with unified services under 'Rocket' name

Rocket Companies, a Detroit-based fintech platform known for its mortgage, real estate, and personal finance services, has unveiled a refreshed brand identity.

American Fintech Council seeks clarity on Ohio's new bank-fintech partnership guidelines

The American Fintech Council (AFC) has reached out to the Ohio Department of Financial Institutions (DFI), seeking clarity on recent guidance affecting bank-fintech partnerships.

Chairman Hill announces new subcommittee roles for House Financial Services Committee

House Financial Services Committee Chairman French Hill announced the subcommittee vice chairs and member assignments for the 119th Congress. “I am proud to lead the exceptional membership of our House Financial Services Committee Republicans for...

Bank Policy Institute challenges California's new banking regulations

A proposed rulemaking by California's privacy agency is drawing criticism from the Bank Policy Institute (BPI), which argues that it imposes excessive requirements on banks' cybersecurity programs, automated decision-making tools, and risk...