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News
- Federal Reserve Proposes Changes to Debit Interchange Cap
October 25, 2023The Federal Reserve is proposing changes to the debit interchange cap and calculation methods, as well as proposing a new process to update these figures more frequently going forward. The changes would apply directly to financial institutions with $10 billion or more in total assets, though will have indirect, downstream effects on debit card issuers of all sizes.
- Senate Votes for Resolution to Repeal CFPB’s Small-Business Data Collection Rule; League Noted Issues with Scope, Potential Burden of Rule
October 20, 2023The U.S. Senate on Wednesday voted 53-to-44 in favor of a resolution to repeal the CFPB's small-business data collection rule. The Congressional Review Act resolution is now on its way to the House.
- Regulatory Compliance Weekly Roundup: October 20, 2023
October 20, 2023News, notes and insights from the regulatory compliance world, including highlights of Thursday's NCUA Board Meeting.