The National Association of Federally-Insured Credit Unions (NAFCU) is urging the House Financial Services Committee Chairman Jeb Hensarling (R-TX) to repeal of the Durbin Amendment to the Financial C...
Read More
To advance its strategy of using financial technology (fintech) to bring innovative new products and services to customers, Fifth Third Bancorp has formed a partnership with fintech venture capital fi...
Read More
The Federal Housing Finance Agency (FHFA) is requesting public input on the Duty to Serve Underserved Markets rule, which was issued on December 13, 2016. The Duty to Serve provision requires Fann...
Read More
The Financial Industry Regulatory Authority (FINRA) announced last week that Gregory Dean, Jr. will take over as senior vice president for the Office of Government Affairs, effective Jan. 30. Dean,...
Read More
The Securities and Exchange Commission selected Jennifer Diamantis as chief of the enforcement division’s Office of Market Intelligence last week. Diamantis had been deputy chief of the office wh...
Read More
Congressman Tom Reed (R-NY) is urging the Trump administration to clarify the financial services section of the U.S. tax code. “We care about bringing uniformity, clarity and certainty to our tax...
Read More
The National Credit Union Administration Board announced last week that it will solicit comments from stakeholders on alternative forms of capital federally insured credit unions might use to meet req...
Read More
Democratic members of the Senate Banking Committee sent a letter to the director of the Consumer Financial Protection Bureau (CFPB), Richard Cordray, saying his leadership is needed during the Trump a...
Read More
Sen. Heidi Heitkamp (D-ND) was named the ranking member on the U.S. Senate Committee on Banking, Housing, & Urban Affairs’ Subcommittee on Economic Policy. “Standing up for rural American ...
Read More
A bipartisan bill introduced in the U.S. Senate last week would free homeowners from having to pay taxes on forgiven loan debt. The bipartisan Mortgage Forgiveness Debt Relief Act, S.122, was intro...
Read More
In a letter to the Office of the Comptroller of the Currency (OCC), the Financial Services Roundtable (FSR) expressed support for a proposal to charter financial technology (fintech) companies as bank...
Read More
Popular Community Bank announced this week that it will enable its debit cards to use the three leading mobile wallets – Apple Pay, Android Pay and Samsung Pay. “Mobile wallets are rapidly bei...
Read More
Oklahoma Insurance Commissioner John Doak was appointed this week by the National Association of Insurance Commissioners as its representative on the international Organisation for Economic Co-operati...
Read More
Democratic members of the Joint Economic Committee (JEC) issued a report this week, stating how they believe the certain Trump administration policies could hurt the nation’s economy. The repo...
Read More
Consumer Financial Protection Bureau (CFPB) Director Richard Cordray is under fire from Republican members of the House Financial Services Committee who said he did not follow rulemaking procedures re...
Read More
The American Bankers Association (ABA) announced this week its backing of a proposal put forth by the Office of the Comptroller of the Currency (OCC) to charter financial technology companies as banks...
Read More
Members of the House Financial Services Committee sent a letter to the Office of the Comptroller of the Currency (OCC) urging the implementation of financial inclusion requirements for fintech compani...
Read More
Reps. Patrick McHenry (R-NC) and Randy Hultgren (R-IL) were appointed to the Congressional FinTech and Payments Caucus (CFTPC) this week, joining Reps. Kyrsten Sinema (D-AZ) and David Scott (D-GA) as ...
Read More
The U.S. Departments of Treasury and Education will establish a system for electronically sharing tax data for federal student loan borrowers in Income-Driven Repayment plans. The digital platform...
Read More
The Consumer Financial Protection Bureau (CFPB) is accepting applications from financial professionals, consumer advocates, academics and others to serve on various advisory boards and councils this f...
Read More