PYMNTS-MonitorEdge-May-2024

bank regulation

CFPB Moves to Close ‘Outdated’ Bank Overdraft Loophole
CFPB Moves to Close ‘Outdated’ Bank Overdraft Loophole
January 17, 2024  |  Bank Regulation

The White House wants to limit the overdraft fees banks can charge customers. To that end, the U.S. Consumer Financial Protection Bureau (CFPB) on Wednesday (Jan. 17)...

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Smaller Banks Warn of ‘Significant Impact’ From CFPB’s Proposed Overdraft Fee Regulation
Smaller Banks Warn of ‘Significant Impact’ From CFPB’s Proposed Overdraft Fee Regulation
January 04, 2024  |  Bank Regulation

The calendar has barely turned to a new year — and the Consumer Financial Protection Bureau (CFPB) has already had a fair share of criticism....

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CFPB Faces Crucial Supreme Court Decision on Funding in 2024
CFPB Faces Crucial Supreme Court Decision on Funding in 2024
December 27, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is reportedly set to face a crucial year in 2024 as the Supreme Court’s decisions loom over its plans...

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CFPB Finds Atlantic Union Bank Misled Customers About Fees
CFPB Finds Atlantic Union Bank Misled Customers About Fees
December 07, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has ordered Atlantic Union Bank to pay $6.2 million, saying the bank misled customers and improperly enrolled them into...

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Bank Regulators Increase Scrutiny of Lenders’ Risk Management Practices 
Bank Regulators Increase Scrutiny of Lenders’ Risk Management Practices 
December 06, 2023  |  Bank Regulation

In an effort to prevent bank failures, U.S. bank supervisors have reportedly increased scrutiny of lenders’ risk management practices and are taking disciplinary action.  This...

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UK Regulators to Banks: Don’t Sow Confusion Over Stablecoins
UK Regulators to Banks: Don’t Sow Confusion Over Stablecoins
November 06, 2023  |  Bank Regulation

Regulators in the U.K. have unveiled their proposals for governing the use of stablecoins. The Bank of England (BOE) and the country’s Financial Conduct Authority (FCA) on Monday (Nov....

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Treasury OKs New Rules for Monitoring Non-Bank Financial Risk
Treasury OKs New Rules for Monitoring Non-Bank Financial Risk
November 05, 2023  |  Regulation

American regulators approved new guidelines for monitoring financial risk following this year’s banking crisis. The U.S. Treasury Department’s Financial Stability Oversight Council (FSOC) on Friday (Nov. 3) announced it...

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Fed Expected to Propose Review of Debit Card Fee Cap
Fed Expected to Propose Review of Debit Card Fee Cap
October 25, 2023  |  Bank Regulation

The Federal Reserve will meet Wednesday (Oct. 25) to tackle merchant debit card fees. As a report by Reuters notes, analysts expect the central bank will propose...

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Fed Overhauls Community Reinvestment Act to Adapt to Online Banking
Fed Overhauls Community Reinvestment Act to Adapt to Online Banking
October 24, 2023  |  Bank Regulation

The Federal Reserve has reportedly finalized a revamp of the Community Reinvestment Act (CRA) rules, which were enacted in 1977 to combat discriminatory lending practices in minority...

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