Regulators’ revamped guidelines increase the agencies’ discretion, which is likely to stoke industry uncertainty and, perhaps, extend the timeline to approval, analysts say.
Large institutions welcome the move to extend the operating hours of two interbank payments systems, but smaller ones may feel the squeeze of increased workload, staffing and competition.
Banks must maintain evidence that customers have opted in to overdraft coverage, the Consumer Financial Protection Bureau said Tuesday in a policy reminder. The agency is fighting what it calls ...