American Credit News

Bank of America has announced that its Consumer Investments business now holds over $500 billion in client assets, marking a significant increase since its inception ten years ago.

Federal credit card regulations proposed in 2023 could lead to a loss of $227 billion in economic activity and 156,000 job losses, according to an analysis conducted for the Electronic Payments Coalition (EPC) by Oxford Economics Research (OER).

The American Fintech Council (AFC) has announced its support for the U.S. Small Business Administration's (SBA) 2025 Growth Accelerator Fund Competition (GAFC).

House Financial Services Committee Chairman French Hill announced key positions for the 119th Congress.

Foundry's Computerworld has recognized Navy Federal Credit Union as one of the "2025 Best Places to Work in IT."

There is an unwritten tradition during transitions in the U.S. Presidency and Executive Branch for federal agencies to halt new rulemaking.

The Independent Community Bankers of America (ICBA) has appointed Peter Nelson as senior executive vice president of member engagement.

Nine new members have joined the House Financial Services Committee as the 119th Congress begins.

AFSA has announced updates to its Business Partner program, aiming to provide enhanced benefits and more opportunities for engagement with its members.

As the digital landscape continues to evolve, cybersecurity threats are becoming increasingly sophisticated, posing significant risks to organizations.

The Independent Community Bankers of America (ICBA) Foundation Disaster Relief Program has announced the collection and distribution of $180,000 to support community banks and their employees impacted by hurricanes Helene and Milton.

New research by Oxford Economics Research indicates that the Durbin-Marshall credit card bill, introduced in 2023, could lead to a $227 billion reduction in U.S. economic activity and result in approximately 156,000 job losses.

With the 119th Congress and the Trump administration beginning their terms, the Independent Community Bankers of America (ICBA) has released new polling data.

U.S. Senator Tim Scott has expressed support for Paul Atkins, the nominee for Chairman of the Securities and Exchange Commission (SEC).

The American Fintech Council (AFC) has announced the inclusion of Flex as its newest member.

U.S. Senator Tim Scott from South Carolina has expressed his concerns over the Consumer Financial Protection Bureau's (CFPB) final rule on medical debt.

The American Fintech Council (AFC) has welcomed the 119th United States Congress, emphasizing the need for bipartisan action on significant financial legislation.

The Independent Community Bankers of America (ICBA) has introduced a new plan titled "Repair, Reform, and Thrive" aimed at addressing the nation's banking regulations.

U.S. Senator Tim Scott has issued a statement following the announcement that Michael Barr will step down from his role as the Federal Reserve Board Vice Chair for Supervision.

ICBA Payments, a subsidiary of the Independent Community Bankers of America (ICBA), has announced leadership changes with Rebecca Kruse named as president and Juan Costantini joining as executive vice president and general counsel.