House Financial Committee passes overdraft bill
The House Financial Services Committee passed a bill restricting the number of overdraft charges banks can issue, legislation that has drawn the ire of community bankers. [Continue]
The House Financial Services Committee passed a bill restricting the number of overdraft charges banks can issue, legislation that has drawn the ire of community bankers. [Continue]
The CFPB fined U.S. Bank $37.5 million for knowingly allowing employees to illegally access customer credit reports and for opening checking, savings and credit accounts without permission for more than a decade. [Continue]
New orders for manufactured durable goods increased by $5 billion, or nearly 2 percent, in June to $272.6 billion, according to the Census Bureau. [Continue]
The House of Representatives passed a bill intended to pave the way for more de novo formations. [Continue]
A recently unveiled Senate bill would eliminate taxes on small-dollar digital currency transactions. [Continue]
Manitowoc, Wis.-based Bank First Corporation is acquiring Fond du Lac, Wis.-based Hometown Bancorp, Ltd., for $124 million. [Continue]
Denver-based National Bank Holdings Corp. announced July 21 that it secured all regulatory approvals to buy the Provo, Utah-based Rock Canyon Bank. [Continue]
Senate Democrats introduced a bill last week that would lift the federal ban on cannabis and remove the drug from the federal list of controlled substances. [Continue]
Community banks in states that rely heavily on manufacturing allocate a higher share of commercial loans than banks in other states, according to an FDIC quarterly report. [Continue]
Small and midsize banks collected 20 to 25 percent less in overdraft/NSF fees in 2021 than in 2019, according to a recent CFPB blog post. [Continue]