ABA: ABA Testifies Before Senate Aging Committee on Protecting Seniors from AI-Generated Fraud
Association calls for coordinated action to combat growing threat of AI-enabled scams American Bankers Association Executive Vice President for Risk, Fraud and Cybersecurity Paul Benda will testify before the Senate Special Committee on Aging today on the growing threat of artificial intelligence-enabled scams and the need for a coordinated response to better protect older Americans…
ICBA: ICBA Reiterates Strong Concerns with Federal Reserve Payment Account Proposal
The Independent Community Bankers of America (ICBA) today expressed strong concerns with the Federal Reserve Board’s proposed special-purpose payment accounts for nonbank financial institutions and urged the agency to ensure any such program is temporary. “The Federal Reserve’s proposed payment account for eligible nonbank institutions continues to face an inescapable problem: the Fed shouldn’t extend…
FDIC: Notice of Proposed Rulemaking Issued on Disclosure of Information for Appropriate Business Purposes
On June 25, 2026, the FDIC Board of Directors approved a notice of proposed rulemaking that would amend the FDIC’s Rules and Regulations governing the disclosure of information. The proposed rule would provide insured depository institutions (IDIs) with more flexibility to share confidential supervisory information for appropriate business purposes. In addition, the proposed rule would…
CFPB: Agency Undertaking Efforts to Correct Flaws to Restore Integrity and Utility to the Consumer Complaint System
The consumer complaint portal has long been plagued by issues that severely limit its effectiveness in addressing consumers’ complaints and practical utility of its information. Recently, CFPB has taken multiple concrete actions to address these issues and is continuing its work, including with Credit Reporting Agencies, to increase effectiveness of the process, while aligning it…
ABA: Bank and Credit Union Groups Issue Statement on Illinois General Assembly Vote to Delay Illinois Interchange Fee Prohibition Act Implementation
The American Bankers Association, Illinois Bankers Association, America’s Credit Unions and the Illinois Credit Union League issued the following statement after the Illinois General Assembly voted to delay implementation of the Illinois Interchange Fee Prohibition Act (IFPA) for one year: “We welcome the Illinois General Assembly’s decision to once again delay the IFPA implementation deadline for another…
Treasury: Launch of the Trump Accounts App and Next Steps for Trump Accounts Announced
Today, the U.S. Department of the Treasury announced the launch of the Trump Accounts app on app stores available nationwide. The Trump Accounts app will be the main interface for the most historic policy for American families in decades and is available on all major mobile app stores. “The Trump Administration is taking another…
ABA: Statement Issued on New Banking-Related Executive Orders
ABA issued the following statement from ABA President and CEO Rob Nichols after the White House released two executive orders related to the banking sector: “ABA has long believed that any player in the financial services marketplace looking to offer bank-like services should be required to meet the same rigorous regulatory and consumer protection requirements….
OCC: Two Final Rules on Preemption of State Interest-on-Escrow Laws Issued
The Office of the Comptroller of the Currency (OCC) today issued two final rules on national banks’ and federal savings associations’ real estate lending powers related to the payment of interest on funds held in escrow accounts. The OCC’s actions emphasize federal preemption as a critical tool for reducing unnecessary burden, enabling local and national…
OCC: Two Interim Final Actions Issued Clarifying Bank Powers under Federal Law and the Preemption of a Related State Law
The Office of the Comptroller of the Currency (OCC) today announced an interim final rule and interim final order related to activities of national banks and Federal savings associations. The interim final rule clarifies the longstanding powers under Federal law for national banks to charge certain fees, regardless of whether those fees are set by…
FDIC: Supervisory Guidance on Multiple Re-Presentment NSF Fees Rescinded
Summary: On June 16, 2023, the FDIC issued a Financial Institution Letter (FIL-32-2023) titled FDIC Clarifying Supervisory Approach Regarding Supervisory Guidance on Multiple Re-Presentment NSF Fees. This guidance described the FDIC’s supervisory approach relating to supervised institutions assessing multiple non-sufficient funds (NSF) fees arising from the re-presentment of the same unpaid transaction. The FDIC is rescinding FIL-32-2023…