Financial Insititutions Section

Learn about financial planning tools, updates and issues to consider when counseling clients. Follow the latest news on retirement planning, trusts, 401(k)s, and estate planning.

Latest News:

  • Apr 25, 2024

    CFPB $8 late fee cap moves closer to reality

    Bank trade groups are battling the Consumer Financial Protection Bureau in federal court to thwart the agency’s new $8 late fee cap rule, but so far, they haven’t stopped the edict from moving toward implementation next month.
  • Apr 25, 2024

    Fed moves ahead with CBDC research

    The issuance of a U.S. central bank digital currency could affect the nation’s financial stability in multiple ways, ranging from increasing the risk of a run on banks to cutting into banks’ ability to respond to financial stress in the market, according to research issued by Federal Reserve Board researchers.
  • Apr 25, 2024

    Financial institutions news from around the web: April 22 - 26

    In case you missed them, here are some recent interesting financial institutions news items from around the web.
  • Apr 12, 2024

    FASB fine-tunes proposed expense disclosure rule

    FASB is moving to fine-tune some of the details of a proposed accounting standards update that would require companies to break out expenses for employee compensation, depreciation, intangible asset amortization and costs incurred related to inventory and manufacturing activities in notes to their financial statements.
  • Apr 12, 2024

    Credit unions lose ground in consumer credit

    Both credit unions and banks lost share of credit cards and consumer loans from January to February, according to a Fed report.

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