The Filing Cabinet

The recently filed Stop Overdraft Profiteering Act of 2018 would ban overdraft fees on debit card transactions and ATM withdrawals and limit fees placed for checks and recurring payments.

A bipartisan coalition of state attorneys is petitioning Congress to ease federal restrictions on banks that serve legal marijuana businesses, “bringing grey market activities into the regulated banking sector.”

Bipartisan legislation is looking to bring regulatory relief to regional banks and bring about new ways for calculating whether an institution should be designated as systemically important.

Bipartisan bills introduced this week call for a crackdown on anonymously owned companies created in the United States and stricter disclosure requirements regarding beneficial ownership.

Community bankers are lending their support to newly filed legislation intended to relieve many of the regulatory burdens they have faced in the post-Dodd-Frank era.

Wells Fargo executives will testify before Congress this week amid revelations that employees opened unauthorized deposit and credit card accounts in their pursuit of sales targets and bonuses. Joe Mont reports.

Sen. Elizabeth Warren (D-Mass.) has once again teamed up with Sen. John McCain (R-Ariz.) and Angus King (I-Maine) to file legislation to restore and modernize the Glass-Steagall Act, separating traditional banks that hold federally insured savings accounts from financial institutions that offer higher-risk services. Details inside.