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January 19, 2024 |
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 Features
Change is the only constant and banks’ processes must be fine-tuned to detect all that happens in a rapidly-changing regulatory environment.
In a backdoor move to impose a de facto price cap on overdraft fees, the CFPB has proposed to apply requirements of Regulation Z to overdraft fees at banks and credit unions with more than $10 billion in assets.
The CFPB may not proceed with rulemakings on overdraft and NSF fees until it assesses the economic effects of the rulemakings on community banks and credit unions, as it is required to do under the Dodd-Frank Act, ABA asserted in a joint letter with the Independent Community Bankers of America and America’s Credit Unions.
The Basel III endgame capital proposal would impose significant costs on the U.S. economy, ranging from small business loans to the pricing of derivatives that allow businesses to hedge their risks, ABA and the Bank Policy Institute said.
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