06/02/2025 " The FDIC encourages institutions to work constructively with customers in affected areas to meet their financial services needs.” |
05/27/2025 The CFPB indicated Friday that it would not defend key provisions of its Section 1033 rule. In a statement, the CFPB acknowledges that the rule exceeds the CFPB’s legal authority and calls upon the court to dismiss the case on those grounds. BPI, the Kentucky Bankers Association and Forcht Bank issued a response |
05/21/2025 Sen. Roger Marshall (R-Kan.) has filed an amendment to add credit card network routing mandates to the GENIUS Act establishing a regulatory framework for stablecoin payment. |
05/20/2025 Withdrawn Prohibition on Contractual Terms; Consumer Reports Under FCRA; EFTA Protections to Digital Payments |
05/11/2025 President Trump signed into law the Congressional Review Act resolution (CRA) to overturn the CFPB’s overdraft final rule. With the President’s signature, the rule has been invalidated, and a future administration cannot issue a new rule that is in “substantially the same form” as the invalidated rule. |
05/06/2025 “To build on its understanding, OCC is issuing a request for information (RFI) on community bank engagement with digitalization. The RFI solicits comment on the key challenges and barriers faced by community banks in the adoption and implementation of digital banking solutions.” |
04/30/2025 Mr. Radcliffe testified that “community banks like ours play a critical role in the financial system. We provide nearly sixty percent of small business loans and eighty percent of bank agricultural loans nationwide.” “However, the increasing regulatory burden is jeopardizing our ability to service these communities." |
04/16/2025 The United States District Court for the Northern District of Texas has invalidated the CFPB’s credit card late fee rule that capped credit card late fees at $8. |
04/10/2025 The United States House of Representatives voted 217-211 to pass the Congressional Review Act Resolution (CRA) overturning the CFPB’s eleventh-hour overdraft rule that capped overdraft fees at $5. |