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Compliance/Regulatory - Banking Exchange
Lawsuit claims federal regulators exceeded their authority
Sued this week by shareholders due to commercial real estate losses sending the stock down by more than 50%
The proposed rules would remove automatic bank merger approvals
Bank incurs penalty due to systemic deficiencies in its risk management and internal controls
Proposed rule to ban junk fees aims to remedy widespread concerns
The new rules could save consumers over $3.5 billion in fees per year
The BPI and ABA also released a statement saying the “changes would inflict serious harm”
President and CEO Rob Nichols said proposed rules threaten affordable deposit account products
The associations argued the CFPB’s proposal does not go far enough
The banking organizations wrote to the CFPB about the proposed redefinition of digital assets
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