NASCUS Report Archives
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ABA Urges OCC Not to Rescind National Bank Preemption Regulations
The Office of the Comptroller of the Currency should reject a recent request to rescind certain regulations that articulate core national bank preemption standards, which would undermine the strength of...
Credit Unions Seek Elusive Demographic with Youth Banking Rollouts
If you are paying any attention at all to the financial services space you have probably recently come across the terms “youth banking” and “family banking.” But what exactly do...
House Passes Resolution Repealing Rule That ‘Imposed Burdensome Standards’ for Bank Mergers
The U.S. House of Representatives passed a resolution that would repeal a rule that required more thorough reviews of bank mergers. The resolution (S.J. Res 13) would reverse a Biden-era...
Recent CFPB Activities with Summaries
The Consumer Financial Protection Bureau (CFPB) has recently undertaken several regulatory and enforcement actions that influence the financial sector. Below is a catalogue of these key activities, along with brief...
FDIC Eyes Change in Reserve Ratio Calculation
Acting Chair Travis Hill suggested the agency use total liabilities rather than insured deposits as the denominator in the formula. The FDIC also rescinded a bank merger policy update from...
FTC Delays Enforcement of Click-to-Cancel Rule
Last November, the Federal Trade Commission (FTC or Commission) published its final click-to-cancel rule (the Rule), which requires sellers to make it as easy for consumers to cancel their enrollment into a...
Trump Signs Resolution to Nix CFPB Overdraft Rule
The move overturns the bureau’s effort to cap overdraft fees at $5. The American Bankers Association also dropped its lawsuit regarding the rule. President Donald Trump signed a resolution Friday...
Student Loan Delinquencies Surge as Credit Reporting Restarts
Share of student loan debt 90+ days past due. Student loan delinquency rates surged to a five-year high in the early months of 2025, the New York Fed said on Tuesday....
Financial Institutions Continue Fight Against Illinois’ Swipe Fee Law
Plaintiffs in the lawsuit challenging Illinois’ Interchange Fee Prohibition Act say they are in an important final stretch. The law prohibits a credit card holder’s bank from charging or receiving...
How Banks Can Modernize Collections As Consumer Debt Balloons
The financial industry is facing a reality check. Amid unprecedented economic uncertainty, rising consumer debt, and growing delinquency rates, traditional collections strategies are falling short. Years of inflation, rate hikes,...
Growing Share of U.S. Adults Say Their Personal Finances Will Be Worse a Year from Now
Amid a downbeat economic outlook and sagging consumer confidence, Americans’ views about their personal financial situation have remained relatively stable over the past year. A majority say they’re in only...
Uncle RICO Gets the High Court Treatment: Cannabis Companies and Those Who Provide Services to Them May Be Subject to RICO Claims for Labeling, Advertising
Recently, a divided United States Supreme Court held that a cannabis product manufacturer could face civil liability under the Racketeer Influenced and Corrupt Organizations Act (RICO) if a consumer suffered...