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News & Headlines

CFPB: Credit Card Complaints Focus Most Often on Billing, Fraud

Billing disputes account for 17 percent of consumer complaints about credit cards, with identity theft and fraud concerns accounting for an additional 10 percent, according to the Consumer Financial Protection Bureau.

FDIC: Community Bank Branch Counts Hold Steady

Community banks slightly increased their numbers of branches in 2016 and over the previous five years, despite an ongoing trend in reduced branch numbers since 2008, according to the latest issue of the FDIC Quarterly.

Regulators Clear Living Wills for Regional, Card Banks

The FDIC and Federal Reserve announced they've reviewed resolution plans by 16 regional and credit card banks and that none were found “not credible” or inadequate to facilitate an orderly resolution under the Bankruptcy Code.

Hensarling: Choice Act to ‘Remove Bureaucrats from the Boardroom’

If passed, the Financial Choice Act will serve as a “deregulatory life preserver” for community banking institutions, said the bill’s architect, House Financial Services Committee Chairman Jeb Hensarling (R-Texas).