NEW YORK—JPMorgan Chase CEO Jamie Dimon this week said he has “mixed” feelings about the Trump Administration’s proposed rewrite of bank capital rules, calling the latest plan an improvement over the Biden-era draft but saying parts of it remain “frankly nonsensical,” in the latest sign Wall Street’s biggest banks are still pressing regulators for more relief, Law360 said.
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WASHINGTON--The Treasury Department announced Monday that the Bank of New York Mellon Corporation (BNY) is the chosen designated financial agent of the U.S. government to support implementation of the new Trump Accounts program, America's Credit Unions reported.
SAN FRANCISCO— Chime is escalating its push to become consumers’ primary checking account provider, unveiling a new premium “Chime Prime” tier that offers richer rewards and perks to members with at least $3,000 in monthly qualifying direct deposits—a move that underscores growing pressure on banks and credit unions as fintechs continue siphoning away core checking relationships.
WASHINGTON—A new Mortgage Bankers Association report says pandemic-era mortgage forbearance helped most borrowers avoid foreclosure, but a sizable group of more financially vulnerable homeowners still needed additional support from the federal Homeowner Assistance Fund after those initial relief measures ended.
MADISON, Wis.-- New research from TruStage Retirement Solutions reveal that personalized and digital retirement planning support can drive meaningful clarity, confidence and action among workers, a shift that reflects changing participant expectations across the industry, the company reported.
MADISON, Wis.—World Council of Credit Unions said its newly released 2025 Impact Report shows the organization pushing credit unions further into the global policy conversation, while also delivering on-the-ground results in markets ranging from Ukraine to Kenya as it worked to expand financial inclusion and strengthen cooperative finance systems worldwide.
Creditors Group Pushes Back As FCC Floats ‘American Standard English’ Rule For Offshore Call Centers
WASHINGTON— The National Creditors Bar Association is pushing back on the Federal Communications Commission’s plan to require some offshore call center workers to speak “American Standard English,” arguing the agency is reaching beyond its legal authority by trying to regulate foreign employees rather than the U.S. companies that hire them.
WASHINGTON— As Treasury updates the federal government’s national financial literacy playbook during Financial Capability Month, America’s Credit Unions is urging policymakers to give credit unions a more prominent role in the strategy, arguing they are already on the front lines of financial education through coaching, school partnerships and community outreach.
WASHINGTON— America’s Credit Unions and the Defense Credit Union Council used separate media calls Monday to deliver a clear message as Congress remains out of town: they see real alignment with the White House on fighting fraud, but they are also moving aggressively to protect CDFI funding and the credit union tax exemption as budget reconciliation and DHS funding talks begin to take shape.
WASHINGTON—A federal judge in Washington on Friday rejected the Justice Department’s bid to revive subpoenas issued as part of its investigation into Federal Reserve Chair Jerome Powell, delivering another setback to a politically charged probe that critics have said threatens the central bank’s independence.