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June

14
2023
Industry News

Senators, CFPB’s Chopra spar over proposed credit card fee limit

Consumer Financial Protection Bureau Director Rohit Chopra on Tuesday defended the agency’s proposal to lower credit card late fees against criticism from Republicans at a Senate Banking hearing.

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June

14
2023
Industry News

New York Department of Financial Services Proposes Heightened Standards for Character and Fitness of Executives

On May 9, New York State Department of Financial Services (DFS or the Department) Superintendent Adrienne A. Harris issued proposed guidance to clarify the DFS’s updated expectations regarding the review and assessment of the character and fitness of directors and senior officers (Proposed Guidance).1

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June

14
2023
Industry News

Acting Comptroller Issues Statement on Key Risks Facing Federal Banking System

WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today issued the following statement on the publication of the Office of the Comptroller of the Currency’s (OCC) Semiannual Risk Perspective Spring 2023 report.

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June

14
2023
Industry News

Senators, CFPB’s Chopra spar over proposed credit card fee limit

Consumer Financial Protection Bureau Director Rohit Chopra on Tuesday defended the agency’s proposal to lower credit card late fees against criticism from Republicans at a Senate Banking hearing.

Read post

June

14
2023
Strategy

Why the Country’s Second Largest Credit Union Is Finally Going ‘All In’ on Digital

Consumers now have more options for getting loans, making deposits and transacting across digital channels. And they also have higher expectations based on the type of digital experiences they receive from their preferred brands, including travel, fitness, payment and social media.

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