Bank Charters Are Reshaping Who Can Compete for Consumer Deposits
By PYMNTS.com
Bank charters represent the operating system (OS) for the U.S. financial sector.
But not all charters are created equal, and the differences matter immensely for what institutions can do, how they’re supervised, how quickly they can scale and how much risk they can take. For example, the horizon-technology-focused Erebor bank on Friday (Feb. 6) became the first bank to receive a national bank charter from the Trump administration, allowing the entity to operate as a bank nationwide…
Read MoreHouse Passes Bill Seeking to Address Housing Shortage
By Dave Kovaleski, Financial Regulation News
The U.S. House of Representatives approved the Housing for the 21st Century Act, a bipartisan housing package that addresses the housing shortage.
To address the housing crisis and expand housing supply, the bill looks to remove unnecessary regulatory barriers, modernize HUD programs, and modernize outdated banking regulations to expand local lending…
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CFPB Revises Credit Card Data Collection, Expands Survey Pool to Smaller Issuers
By Michael Ogden, Credit Union Times
The CFPB proposed revisions to its long-standing credit card data collection program that could significantly expand the number of banks and credit unions subject to federal surveys, according to a new filing published in the Federal Register.
Under the proposal, the CFPB would revise its information collection for the Report of Terms of Credit Card Plans (Form FR 2572) and required submissions of consumer and college credit card agreements…
Read MoreThe Credit-Card Rate Cap Has Stalled, and Issuers Are Doing Just Fine
By Imani Moise, The Wall Street Journal
The biggest credit-card issuers collected about $146 billion in revenue last year from America’s reliance on debt.
The combined results from JPMorgan Chase, American Express, Capital One and Citigroup represent the money machine that could be at risk if the Trump administration continues to push for a federal cap on credit-card interest rates. Credit-card revenue—which includes interest and other fees from consumers and swipe fees collected from merchants—was up 7% in 2025 from a year earlier…
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