On September 19, 2024, Oversight and Investigations Subcommittee Chairman Bill Huizenga (MI-04) led Republicans on the House floor as lawmakers debated H.R. 4790, the Prioritizing Economic Growth Over Woke Policies Act.
The U.S. House of Representatives has passed H.R. 4790, the Prioritizing Economic Growth Over Woke Policies Act, sponsored by Subcommittee Chairman Bill Huizenga (MI-04) of the Financial Services Committee’s Republican ESG Working Group.
Yesterday, former President Donald Trump addressed the economic challenges Americans have faced in recent years. He stated, "While working Americans catch up, we’re going to put a temporary cap on credit card interest rates. We’re going to cap it at around 10%. We can’t let them make 25 and 30%."
WASHINGTON D.C., September 19, 2024 – As part of its commitment to serve the financial needs of the Greater Washington, D.C. region and as the bank of choice for people with disabilities, Chase is opening its second branch with a unique focus on disability inclusion. The branch, located at 550 Morse St. NE, will be staffed by employees fluent in American Sign Language (ASL) and is situated just outside Gallaudet University, a global leader in education for Deaf and hard of hearing students.
WASHINGTON, DC—Sen. Roger Marshall (R-Kan.), according to a report in Punchbowl News, recorded an advocacy commercial paid for by the Merchant Payments Coalition, a DC trade group funded by the nation’s largest corporate mega-stores. In the ad, Sen. Marshall repeats the inaccurate claims MPC and other supporters of the Durbin-Marshall Credit Card Bill have made in their lobbying efforts on Capitol Hill.
The American Fintech Council (AFC), an industry association representing responsible fintech companies and innovative banks, announced today that MANTL has joined as its newest member. Founded in 2016, MANTL provides account origination software for banks and credit unions nationwide, aiming to bridge the gap between online and in-person services. This allows financial institutions to optimize customer experience and increase operational efficiency. By joining AFC, MANTL aligns itself with other companies driving the future of customer-first banking.
Washington, D.C. — Bank Policy Institute President and CEO Greg Baer issued a statement in response to the OCC’s and FDIC’s policy changes on bank mergers and acquisitions (M&A), which were finalized today.
The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), joined House Majority Whip Tom Emmer (MN-06) in sending a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler. The Congressmen are seeking clarity on the regulatory classification of digital asset airdrops.
Bank of America Corporation announced today that its Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of several series of preferred stock for the fourth quarter of 2024.
Today, the House Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions, led by Chairman Blaine Luetkemeyer (MO-03), is holding a hearing entitled “Protecting Americans' Savings: Examining the Economics of the Multi-Billion Dollar Romance Confidence Scam Industry.”
Today, the House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion, led by Chairman French Hill (AR-02), is holding a hearing entitled “Dazed and Confused: Breaking Down the SEC’s Politicized Approach to Digital Assets.”
The Electronic Payments Coalition (EPC) has filed an amicus brief with the U.S. District Court of the Northern District of Illinois, supporting a lawsuit initiated by several banking and credit union associations against a new Illinois law that alters credit and debit card processing in the state.
The Federal Deposit Insurance Corporation (FDIC) has announced a new policy statement on bank mergers, which now includes additional scrutiny for deals involving tax-exempt credit unions.
AUGUSTA, GA - Fred Ridley, Chairman of Augusta National Golf Club and the Masters Tournament, announced today that Bank of America will become a Champion Partner of the Masters Tournament, beginning with the 2025 Masters Tournament. Additionally, the Chairman has announced that CBS Sports will expand coverage hours of the Tournament on Saturday and Sunday also beginning in 2025.
Ian P. Moloney, Senior Vice President and Head of Policy and Regulatory Affairs at AFC, has issued a statement regarding the FDIC’s proposed rulemaking on custodial deposit accounts with transaction features.
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