Trade Groups Sue CFPB over Arbitration Rule "Credit News 24"

The American Bankers Association, the U.S. Chamber of Commerce, the Consumer Bankers Association, the Financial Services Roundtable and seve...

Federal Court Overturns Obama Administration Overtime Rule "Credit News 24"

A federal judge in Texas on August 31 overturned the Obama administration’s final rule doubling the salary level used to determine whether e...

Canadian Regulator Suspends Advisory Restricting Use of Terms Bank, Banker, and Banking to Only Banks "Credit News 24"

The Canadian Office of the Superintendent of Financial Institutions on August 11 suspended its compliance expectations regarding the use of ...

Justice Department Ends Operation Chokepoint "Credit News 24"

In a letter to House Judiciary Committee Chairman Bob Goodlatte (R-Va.) on August 16, Assistant Attorney General Stephen Boyd formally confi...

NCUA Replies to ABA's FOM Lawsuit "Credit News 24"

The National Credit Union Administration (NCUA) filed a reply brief on August 9 to an American Banker Association (ABA) lawsuit challenging ...

NCUA's $1 Billion Legal Contingency Fee In Crosshairs of Republican Lawmakers "Credit News 24"

POLITICO PRO is reporting that Republican lawmakers are probing more than $1 billion in contingency fees paid by the National Credit Union A...

Michigan CU Settles with Justice Department over Illegal Repossession of Servicemembers' Vehicles "Credit News 24"

The Justice Department announced on July 6 that COPOCO Community Credit Union, based in Bay City, Michigan, has agreed to a settlement to re...

Massachusetts Dishonored Check Fee Set at Maximum of $7.23, Goes Into Effect on July 1 "Credit News 24"

The state of Massachusetts set the maximum dishonored check fee that state-chartered banks and credit unions may assess at $7.23. This fee ...