Processing Content Key insight: Critics argue the OCC is stretching National Bank Act preemption beyond the limits Congress imposed in Dodd-Frank, while banks say uniform standards are essential to avoid a patchwork of state laws. Supporting data: The OCC issued two interchange-related interim final rules in April: one affirming banks’ authority to charge fees set […]

Mortgage rates had a great day yesterday, moving within 0.01% of the lowest levels in more than a month. They dropped just a bit more today and are now officially the lowest they’ve been since May 14th.  Today’s improvement was more of an afterthought, but nonetheless helps legitimize yesterday’s heavy lifting as something other than

Key insight: The FDIC proposed scaling back resolution planning requirements for banks and lowering deposit insurance assessments. Supporting data: The resolution planning proposal would raise the applicability threshold from $50 billion to $100 billion, exempting 16 of the 48 banks currently covered.  Forward look: Comptroller of the Currency Jonathan Gould described the proposals as “initial