FDIC Chairman Martin Gruenberg accepted responsibility for reports of misconduct at his agency during a House Financial Services Committee hearing on regulatory oversight.
The Federal Reserve Board is sensitive to the impact of its debit interchange proposed rule on low- and moderate-income borrowers, Fed Vice Chair for Supervision Michael Barr said.
Federal Reserve Governor Lisa Cook said community development financial institutions play a crucial role, calling them "financial first responders" and enumerating how the Fed supports them.
A new ICBA blog post spotlights ICBA’s calls for regulators to conduct a comprehensive regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act, or EGRPRA.
ICBA and other groups expressed concerns with a Federal Housing Finance Agency plan to publish historical data on the VantageScore 4.0 credit scoring model this year.
ICBA expressed vehement opposition to a Federal Reserve Board proposal to impose a nearly 30% cut to debit interchange that would leave nearly one-third of covered issuers below cost recovery.
A federal judge issued a temporary injunction of the Consumer Financial Protection Bureau’s final rule on credit card late fees, which was scheduled to take effect tomorrow.
