OCC issues interim final rule related to bank fees
The Office of the Comptroller of the Currency (OCC) issued an interim final rule clarifying the law for national banks to charge certain fees. The preexisting powers under federal law have recently come into question relative to the Illinois Interchange Fee Prohibition Act (IFPA). The IFPA, which goes into effect on July 1, would create a complex, potentially unworkable, and destabilizing standard for national banks, Federal savings associations, and payment card systems. Further, such eff...
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Federal banking regulators finalize community bank leverage ratio rule
Federal banking regulators jointly finalized a rule to modify the community bank leverage ratio consistent with existing...Read More »
New York Gov. Hochul bans state employees from insider training on prediction markets
New York Gov. Kathy Hochul issued an executive order that will prohibit state employees from using their inside informat...Read More »
House committee advances bill to spare community banks from reporting requirements
The Independent Community Bankers of America (ICBA) offered its support for a bill approved by the House Financial Servi...Read More »
Consumer Bankers Association offers feedback, recommendations for CFPB on strategic plan
The Consumer Bankers Association (CBA) offered recommendations and feedback for the Consumer Financial Protection Bureau...Read More »
OCC issues new guidance on risk management
The Office of the Comptroller of the Currency (OCC) along with other federal financial regulators issued updated model r...Read More »
SEC seeks public comment on consolidated audit trails, other data sources
The Securities and Exchange Commission is looking for public comments on its comprehensive review of the consolidated au...Read More »
Legislation introduced to rein in proxy advisors
Legislation introduced by U.S. Rep. Bryan Steil (R-WI) and Ann Wagner (R-MO) would impose new rules on the proxy advisor...Read More »
SBA applauds reauthorization of Small Business Innovation and Economic Security Act
Small Business Administration (SBA) Administrator Kelly Loeffler said the reauthorization of Small Business Innovation R...Read More »
National Venture Capital Association reports strong investment activity, structural pressures around liquidity in annual report
The National Venture Capital Association (NVCA) released its annual yearbook looking at the past year and the future of ...Read More »
CFTC names Innovation Task Force members
The Commodity Futures Trading Commission (CFTC) recently announced the members of the new Innovation Task Force. The ...Read More »
