America’s Credit Unions called on Congress to reform the Dodd-Frank Act and the Consumer Financial Protection Bureau (CFPB), which was created by the act. In a Monday (July 14) letter addressed to Rep. French Hill, R-Ark., and Rep. Maxine Waters, D-Calif., the trade association said...
Four trade associations and three banks are pursuing legal action against the Consumer Financial Protection Bureau’s (CFPB) final rule on overdraft services, which was released Thursday (Dec. 12). In their lawsuit, the organizations allege that the CFPB exceeded its regulatory authority with this new regulation...
The House Financial Services Committee (HFSC) voted Thursday (May 16) to advance a bill that would raise the asset thresholds for several regulations covering banks from $10 billion to $50 billion. The Bank Resilience and Regulatory Improvement Act (H.R. 8337) will now move to the full House for consideration, the HFSC...
The calendar has barely turned to a new year — and the Consumer Financial Protection Bureau (CFPB) has already had a fair share of criticism. The most recent volley against the Bureau came Wednesday (Jan. 3), as the American Bankers Association, in tandem with the...
January 04, 2024
The calendar has barely turned to a new year — and the Consumer Financial Protection Bureau (CFPB) has already had a fair share of criticism. The most recent volley against the Bureau came Wednesday (Jan. 3), as the American Bankers Association, in tandem with the Independent Community Bankers of America and America’s Credit Unions — […]
April 06, 2026
The credit union industry is backing a proposed update to America’s financial privacy legislation. Lawmakers are considering an update to the Gramm-Leach-Bliley Act (GLBA), which says institutions must protect nonpublic personal information, such as transaction histories, balances and payment activity. In a letter last month to the House Financial Services Committee, industry group America’s Credit Unions argued that credit unions need to […]
July 16, 2025
America’s Credit Unions called on Congress to reform the Dodd-Frank Act and the Consumer Financial Protection Bureau (CFPB), which was created by the act. In a Monday (July 14) letter...
December 12, 2024
Four trade associations and three banks are pursuing legal action against the Consumer Financial Protection Bureau’s (CFPB) final rule on overdraft services, which was released Thursday (Dec. 12). In their...
May 17, 2024
The House Financial Services Committee (HFSC) voted Thursday (May 16) to advance a bill that would raise the asset thresholds for several regulations covering banks from $10 billion to $50 billion. The Bank Resilience and...