A spokesman for the Electronic Payments Coalition (EPC) said the proposed “Credit Card Competition Act” (CCCA), currently pending in Congress, would “force Americans’ credit cards to run on unknown, untested networks.”
On Oct. 29, U.S. Representatives Andy Barr (R-KY-06) and Vicente Gonzalez (D-TX-34) announced the introduction of the Civil Investigative Demand Reform Act of 2024, a bipartisan initiative aimed at reforming the Consumer Financial Protection Bureau’s (CFPB) process for issuing civil investigative demands (CIDs) to financial services providers. This legislation seeks to ensure that industry participants are afforded due process while maintaining oversight and consumer protections.
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.
AFSA has responded to a request for information from the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve.
The House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), has addressed federal banking regulators with a letter in response to a request for information regarding bank-fintech partnerships.
During the 2024 AMBA Fall Workshop at the Lotte Hotel in Seattle, WA, afternoon tabletop sessions were held on Tuesday, August 27 with all workshop attendees.
First Bank of the Lake has joined the American Fintech Council (AFC), an industry association representing fintech companies and innovative banks offering embedded finance.
Electronic Payments Coalition Executive Chairman Richard Hunt expressed concerns following a court hearing regarding an injunction lawsuit against a new Illinois state law.
Billd, a provider of financial solutions for commercial subcontractors, has announced a $17.5 million investment round aimed at accelerating growth and expanding its product offerings.
Lawmakers have raised concerns over recent actions by the Federal Deposit Insurance Corporation (FDIC) regarding changes to asset manager passivity agreements.
Today, Patrick McHenry, Chairman of the House Financial Services Committee, commented on the U.S. Department of the Treasury's final rule limiting outbound U.S. investment to China.
Navy Federal Credit Union has announced a substantial investment initiative, pledging approximately $450 million in annual givebacks to its 14 million members.
Navy Federal Credit Union has released an update to its Cost of Car Ownership (COCO) Index, which provides insights into the costs associated with owning a car.