American Bankers Association

The fintech's new products may violate several banking and securities regulations and could mislead the public about the differences between coverage on banking and investment accounts, industry officials say.

One week after NCUA filed its own appeal brief, three major organizations banded together in support of the expanded field-of-membership rule

The regulator claimed Congress has already granted it the authority to define field-of-membership areas.

A recent report – supported by the National Council of Postal CUs – says the USPS is ill-equipped to manage the risks involved in offering banking services.

A report released Tuesday echoes bankers’ arguments that the USPS is ill-equipped to manage the risks.

Bank groups are pushing a variety of proposals to delay the loan-loss rule or soften its impact. The accounting standards board has agreed to review at least one of them — but at a pace that might not be fast enough for lenders.

Tester is the only Democratic supporter of the recent regulatory relief package sitting on the Banking Committee to win re-election this fall.

Jon Tester is the only Democratic supporter of the recent regulatory relief package sitting on the Banking Committee to win re-election this fall.

The federal agencies said in a recent statement that “guidance does not have the force and effect of law,” but two trade groups say that standard should be more binding.

The assessment is designed to get banks on the same page in combating cybersecurity and make it easier for institutions and regulators to assess their performance.