The Independent Community Bankers of America (ICBA) wants to limit the application of a new Call Report requirement for banks to include a breakdown of their income from service charges on consumer deposit accounts.
In a notice published in the Federal Register on January 14, 2014, the Fed, FDIC and OCC (Agencies) announced that they
On December 20, 2012, President Obama signed into law (1) the bill amending the Electronic Fund Transfer Act (H.R. 4367) to eliminate the ATM fee sticker requirement, and (2) the bill amending the Federal Deposit Insurance Act (H.R. 4014) to provide protection against waiver of the
attorney-client privilege when privileged information is shared with
The U.S. Senate has joined the House of Representatives in approving a bill (H.R. 4367) amending the Electronic Fund Transfer Act to eliminate the requirement that a fee disclosure be placed in a prominent and conspicuous location on or at an automated teller machine. Once the bill is signed into law by the President, the
On Tuesday July 17, Senate Banking Committee Chairman Tim Johnson (D.-SD) introduced a new bill, S. 3394, which combines two consumer-related regulatory initiatives that had already been separately introduced and passed by the House of Representatives. These are (1) eliminating one of the automated teller machine (“ATM”) fee notice provisions (so-called “ATM placard regulation”),
Last December, we wrote about the CFPB’s notice seeking public input on which regulatory requirements should be on the CFPB’s priority list for streamlining. One of the possible streamlining candidates identified by the CFPB was the Regulation E requirement to post an ATM sign about fees when such fees must also be disclosed on the