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J.D. Power: Lavish Credit Card Rewards, Bonuses Drive Consumer Satisfaction (8/18/2017) 
Generous rewards and sign-up offers, especially in super-prime customer segments, have helped drive up consumer satisfaction with credit cards, according to a J.D. Power study released yesterday.
 
B of A Survey: Mobile Banking Becomes Further Embedded in Consumer Lives (8/18/2017) 
Nearly two-thirds -- 62 percent -- of respondents to a recent Bank of America survey say they now use a mobile banking app, up 14 points from two years prior.
 
Justice Department Formally Ends ‘Operation Choke Point’ (8/18/2017) 
In a letter to House Judiciary Committee Chairman Bob Goodlatte (R-Va.), a Department of Justice official formally confirmed that the agency has ended the controversial Operation Choke Point initiative, which under the Obama administration sought to
 
CFPB Data Shows Growing Numbers with High Student Debt Levels (8/17/2017) 
The percentage of student loan borrowers leaving school with at least $20,000 in student debt has doubled from 20 percent to 40 percent from a decade ago, according to data released by the Consumer Financial Protection Bureau yesterday. The percentag
 
Fed Divided Over Timing of Next Rate Hike (8/17/2017) 
The Federal Open Market Committee was divided over when it will next raise the target federal funds rate, which they decided to hold at 1 to 1.25 percent, according to minutes from the FOMC’s July 25-26 meeting.
 
ABA: Fiduciary Rule Remains ‘Deeply Flawed’ (8/8/2017) 
The Department of Labor’s final fiduciary rule is “deeply flawed in several critical areas” that prevent it from functioning properly, ABA said in a comment letter Monday.
 
Lawmakers Call for Harmonization of Cybersecurity Regulations (8/7/2017) 
A bipartisan group of lawmakers on Thursday called for greater coordination on cybersecurity regulations among federal financial services regulators.
 
CFPB Proposes New Disclosure Form for Overdraft Fees (8/7/2017) 
The Consumer Financial Protection Bureau on Friday released four new “prototype” overdraft disclosure forms as part of its “Know Before You Owe” campaign.
 
White House, Lawmakers Issue Joint Statement on Tax Reform (7/28/2017) 
The six lead negotiators on tax reform yesterday issued a joint statement on how they plan to move forward with changing the U.S. tax code.
 
House Votes to Overturn CFPB Arbitration Rule (7/26/2017) 
House lawmakers yesterday voted to overturn the Consumer Financial Protection Bureau’s controversial final arbitration rule by a vote of 231 to 190, exercising their authority under the Congressional Review Act to reject new federal regulations withi
 
Labor Department Seeks Comments on Stalled Overtime Rule (7/26/2017) 
The Department of Labor yesterday released an anticipated request for information on the Obama administration’s final overtime rule, which would have doubled the salary needed for employees to be exempt from overtime pay.
 
Lawmakers Introduce ABA-Backed Legislation to Undo Arbitration Rule (7/21/2017) 
Members of the House and Senate yesterday introduced legislation that would block the Consumer Financial Protection Bureau’s controversial arbitration final rule from taking effect.
 
FDIC’s Revised Exam Appeal Guidelines Reflect ABA-Advocated Changes (7/19/2017) 
The FDIC yesterday issued revised guidelines to expand banks’ rights to appeal exam decisions and improve consistency with other agencies’ appeal processes.
 
ABA Urges Bankers: Write to Senators to Keep Momentum on Reg Reform (7/19/2017) 
With momentum building in Congress for regulatory reform -- but dwindling time left on the 2017 legislative calendar -- ABA reminds all bankers to contact their senators and urge action on meaningful regulatory relief. More than 7,000 messages to Con
 
ABA Calls for Holistic Review of Servicing Rule (7/12/2017) 
ABA on Monday called on the Consumer Financial Protection Bureau to take a holistic approach to its review of the 2013 servicing rule to understand its full effects on servicers and consumers.
 
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