With Congress back in Washington following a two-week district work period, ICBA released polling that shows Americans oppose legislation to create credit card routing mandates.
Acting Comptroller of the Currency Michael Hsu indicated he supports requiring banks to reimburse customers tricked into sending money to fraudulent accounts.
The Federal Housing Finance Agency provided an update on its implementation of recommendations included in last year’s report on the Federal Home Loan Bank system.
The Consumer Financial Protection Bureau is planning to propose rules this year to ensure data brokers comply with the Fair Credit Reporting Act, CFPB Director Rohit Chopra said.
Following Navy Federal Credit Union’s announcement that its overseas military banking program will be called “Community Bank,” ICBA urged regulators to issue cease-and-desist orders directing the institution not to refer to itself as a bank.
