Heather Hogsett, Senior Vice President and Deputy Head of BITS, the technology policy division of the Bank Policy Institute (BPI), is set to testify before the U.S. House Homeland Security Subcommittee on Cybersecurity and Infrastructure Protection.
A coalition of financial trade associations has called on the Cybersecurity and Infrastructure Security Agency (CISA) to reconsider its proposed cyber incident reporting rule.
Financial groups representing banks and credit unions have expressed support for Congressional Review Act resolutions aimed at overturning the Consumer Financial Protection Bureau's (CFPB) overdraft rule.
Seven prominent financial organizations, representing a broad spectrum of banks and credit unions, have voiced opposition to a legislative proposal put forth by Senators Bernie Sanders (D-Vt.) and Josh Hawley (R-Mo.).
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...
BITS, the technology policy division of the Bank Policy Institute (BPI), has expressed support for the Financial Stability Board's initiative to create a standardized global framework for cyber incident reporting.
The Federal Deposit Insurance Corporation's (FDIC) recent proposal on brokered deposits has come under scrutiny from a coalition of trade associations.
The Federal Deposit Insurance Corporation (FDIC) has proposed changes to its brokered deposits rule, which the Bank Policy Institute (BPI) claims would increase costs and limit product availability for consumers.
The Federal Deposit Insurance Corporation (FDIC) has proposed amendments to its regulations under the Change in Bank Control Act (CBCA), which have drawn criticism from the Bank Policy Institute (BPI).
Several banking and credit union associations have jointly urged Congress to reject proposed legislation that would increase federal oversight in the U.S. credit card market.
The Bank Policy Institute and The Clearing House Association have submitted a letter to the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve.
The Bank Policy Institute and the Kentucky Bankers Association have initiated legal proceedings against the Consumer Financial Protection Bureau (CFPB) over its rulemaking under Section 1033 of the Dodd-Frank Act. This regulation addresses consumer access to financial data and its protection. The lawsuit, filed in U.S. District Court in Lexington, KY, claims that the CFPB has exceeded its authority, endangering consumer privacy and account security.
The Bank Policy Institute (BPI) and The Clearing House Association have filed a motion to intervene in the case of Corner Post, Inc. v. Board of Governors of the Federal Reserve System. This legal challenge involves the 2011 rules on debit interchange revenue established under the "Durbin Amendment" in the Dodd-Frank Act. Corner Post, a truck stop in North Dakota, is contesting these rules with support from retail merchant trade associations, claiming they contradict the Durbin Amendment.
The Bank Policy Institute (BPI) has expressed its views on a proposal by the Federal Deposit Insurance Corporation (FDIC) to amend regulations concerning industrial loan companies (ILCs) and their parent companies. ILCs, which are state-chartered institutions similar to banks, differ in that their parent companies are commercial entities not subject to federal regulation or supervision. This distinction allows ILC parents to engage in commercial activities unlike regulated bank holding companies. The FDIC's proposal aims to tighten these rules and increase scrutiny of ILCs...