According to a survey done by the American Bankers Association (ABA), U.S. customers use mobile banking apps more than any other method. The survey of more than 2,000 adults found that 48 percent ...
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A bipartisan bill was introduced in Congress last week that would establish a program allowing eligible workers access to portable, tax-advantaged retirement savings accounts. The Retirement Savin...
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A bill introduced in Congress last week seeks to update and expand unemployment insurance so that the program better meets the needs of the modern workforce and is ready to respond should America face...
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Consumers paid more than $105 billion in interest and more than $25 billion in fees on their credit cards in 2022, according to a report by the Consumer Financial Protection Bureau (CFPB) on the consu...
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The Economic Opportunity Coalition (EOC) announced plans to secure $3 billion in deposits for community development financial institutions (CDFIs) and minority depository institutions (MDIs). The c...
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The Federal Reserve Board is seeking public comment on a proposal to lower the maximum interchange fee that a large debit card issuer can receive for a debit card transaction. This new proposal wo...
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Federal bank regulators finalized principles for a framework to manage exposures to climate–related financial risks for large financial institutions. The principles address physical and transitio...
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A final rule to strengthen and modernize the Community Reinvestment Act (CRA) was issued this week by federal bank regulatory agencies. The CRA is a law that was enacted nearly 50 years ago to enco...
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The U.S. Treasury Department released a report card detailing how it has implemented federal investments in entrepreneurs and small businesses. So how is it going? The Census Bureau released data w...
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A group of banking industry groups are urging the Federal Reserve Board of Governors to reject merchant requests for further changes to Regulation II governing debit card interchange fees. Regulat...
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