American Banker

MARCH 26, 2024

The credit card giant says that it is "proactively meeting" with advocacy organizations to gather feedback that would help with the creation of a community benefits plan. The National Community Reinvestment Coalition, which has negotiated 21 such deals since 2016, opposes Capital One's proposed acquisition of Discover.

Community 80

Community Capital Meeting National 80

American Banker

MARCH 26, 2024

A lawsuit filed by the American Fintech Council and two other trade groups has implications for other states that also want to keep out high-cost consumer lenders.

Colorado 62

Colorado Groups Industry Lending 62

American Banker

MARCH 26, 2024

Banks, especially big ones, have become too dependent on hidden-fee income. As the consumer credit market evolves toward greater transparency, the CFPB's rules will be the least of their problems.

Marketing 50

Marketing Cards Compliance Regulation 50

American Banker

MARCH 26, 2024

The Consumer Financial Protection Bureau plans to release neutral credit card pricing data in the coming months to help consumers get the best deal, according to Director Rohit Chopra. Deceptive reward programs, late fees and data portability remain concerns, too, he says.

Cards 36

Cards Data Compliance Regulation 36

American Banker

MARCH 26, 2024

The Federal Reserve has engaged in a yearslong series of "Fed Listens" events to sharpen their understanding of the intricacies of the modern economy. Those with the maneuverability to help struggling industries should do some listening of their own.

Industry 36

Industry Policies Compliance Regulation 36

American Banker

MARCH 26, 2024

Despite pressure from the Consumer Financial Protection Bureau, the embattled Appraisal Foundation tapped its longtime second-in-command to be its next president.

Groups 36

Groups Regulation Compliance 36