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Important Update: Credit Card Fee Court Challenge

Last week’s edition of Bottom Line noted formal claims by the Consumer Financial Protection Bureau (CFPB) that a Texas-based lawsuit challenging the bureau’s rule on credit card late fees...

IBAT Advocates for Banks Harmed by TxDOT Bond Call

Yesterday, IBAT President and CEO Christopher Williston appeared before the Texas Transportation Commission to provide public comment on the Commission’s announced plans to exercise a make-whole call provision on...

FRB Proposal to Lower Maximum Interchange Fee

Last week, IBAT filed a comment letter in opposition to the Fed’s proposal to lower the maximum interchange fee for large issuers. In the comment letter, IBAT stressed that...

March 11 Close for Bank Term Funding Program

The Federal Reserve Board’s Bank Term Fund Program (BTFP) – the emergency lending facility set up last year during the March banking crisis – will stop making new loans...

Supporting Close the Shadow Banking Loophole Act

IBAT, alongside numerous other state community banking trade associations, signed a letter to the Chairman of the Senate Banking Committee urging action on legislation to permanently close the industrial...

CFPB Proposes Anti-Overdraft Fee Rule

On Wednesday, January 17, the Consumer Financial Protection Bureau (CFPB) released a proposed rule regarding overdraft fees for large financial institutions with more than $10 billion in assets. Under...