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Apr 25, 2024, 00:00 AM
by
Cecilia Yontz
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.
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Apr 25, 2024, 00:00 AM
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Cecilia Yontz
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.
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Apr 25, 2024, 00:00 AM
by
Cecilia Yontz
In case you missed them, here are some recent interesting financial institutions news items from around the web.
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Apr 12, 2024, 00:00 AM
by
Cecilia Yontz
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.
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Apr 12, 2024, 00:00 AM
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Cecilia Yontz
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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Apr 12, 2024, 00:00 AM
by
Cecilia Yontz
In case you missed them, here are some recent interesting financial institutions news items from around the web.
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Mar 29, 2024, 00:00 AM
by
Cecilia Yontz
Digital wallet use in the U.S. is projected to overtake debit cards in transaction value for in-store payments by 2027, according to a report from merchant payments processor Worldpay.
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Mar 29, 2024, 00:00 AM
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Cecilia Yontz
The FDIC has proposed new rules that would make it harder to complete big bank mergers, after a group of lenders with more than $100 billion in assets ran into difficulties.
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Mar 29, 2024, 00:00 AM
by
Cecilia Yontz
In case you missed them, here are some recent interesting financial institutions news items from around the web.
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Mar 15, 2024, 00:00 AM
by
Cecilia Yontz
A reminder to all financial institutions tax (FIT) practitioners and taxpayers that the second estimated tax payment for the 2024 FIT tax year is due by April 1, 2024.
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Mar 15, 2024, 00:00 AM
by
Cecilia Yontz
Whatever rally in credit union lending awaits in 2024 might be approaching in mortgages, but fell further away for automobiles, according to the latest monthly report from America's Credit Unions.
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Mar 15, 2024, 00:00 AM
by
Cecilia Yontz
In case you missed them, here are some recent interesting financial institutions news items from around the web.
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Mar 1, 2024, 00:00 AM
by
Cecilia Yontz
The Consumer Financial Protection Bureau (CFPB) issued a Supervisory Highlights Junk Fees Update Special Edition in October 2023 to apprise the public on supervisory work completed since the agency published the March 2023 Issue 29 Supervisory Highlights Junk Fees Special Edition.
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Mar 1, 2024, 00:00 AM
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Cecilia Yontz
The Federal Reserve Board has released the hypothetical scenarios for its annual stress test, which helps ensure that large banks can lend to households and businesses even in a severe recession.
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Mar 1, 2024, 00:00 AM
by
Cecilia Yontz
In case you missed them, here are some recent interesting financial institutions news items from around the web.
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Feb 16, 2024, 00:00 AM
by
Cecilia Yontz
In a notice of proposed rulemaking (NPRM), the OCC suggested eliminating the agency’s current policy that allows mergers to be approved on the 15th day after the close of the comment period, unless the OCC takes action to remove the filing from expedited processing.
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Feb 16, 2024, 00:00 AM
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Cecilia Yontz
Lawmakers lashed out at the SEC’s accounting standards for crypto custodians last week, in the form of a joint resolution hoping to overturn it.
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Feb 16, 2024, 00:00 AM
by
Cecilia Yontz
In case you missed them, here are some recent interesting financial institutions news items from around the web.
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Feb 2, 2024, 00:00 AM
by
Cecilia Yontz
A new report from the Mortgage Bankers Association (MBA) indicates the 2024 rebound in commercial lending will continue into 2025.
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Feb 2, 2024, 00:00 AM
by
Cecilia Yontz
The Federal Reserve Board announced that it will extend until May 12, 2024, the comment period on its interchange fee proposal.
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