Big Data

An overwhelming majority of consumers are satisfied with the current debit card system

A more holistic view benefiting both lenders and borrowers

Reducing the debit interchange cap is likely to have unintended negative consequences on smaller banks and their customers

Double the percentage of plan participants increased their contribution rate

The program provides an additional source of liquidity to banks

The new rules could save consumers over $3.5 billion in fees per year

Inflation is continuing to affect how bank customers use their money, Bank of America has found

The associations argued the CFPB’s proposal does not go far enough

Fed Bank of New York survey found short-term inflation expectations reached the lowest level in three years

Federal Reserve Governor Michelle Bowman stressed the importance of tailoring banking regulations to institutional size to avoid adverse incentives