May 1, 2025 | Federal Regulation, News
FDIC Looking To Reduce Staff By 1,250 An internal memo sent to staff last month at the Federal Deposit Insurance Corp. (FDIC) revealed that the agency is looking to reduce its staff by 1,250, a downsizing of 20 percent. The 1,250 figure includes roughly 500 employees...
Apr 29, 2025 | Financial Literacy, News
62% of Credit Card “Outsiders” Using Some Other Form of Credit A recent report from PYMNTS Intelligence and Atelio by FIS entitled “Decision Guide: What Credit Card Outsiders Want — and How FIs Can Bring Them Back,” found that a strong majority (62...
Apr 23, 2025 | Federal Regulation, News
CFPB Attempts to Lay Off 90% of Staff, Although Judge Temporarily Halts Efforts For Now Last week, multiple outlets reported that the Consumer Financial Protection Bureau (CFPB) was planning to cut roughly 1,500 employees—or 90 percent of its staff—leaving only...
Apr 17, 2025 | Federal Regulation, News
CFPB Drops Enforcement of Nonbank Registry Last week, the Consumer Financial Protection Bureau (CFPB) announced that it will not prioritize enforcement of a regulation creating a registry for nonbank financial companies that have broken consumer laws and have been...
Apr 15, 2025 | Federal Regulation, News
CFPB Scraps Credit Card Late Fee Rule The Consumer Financial Protection Bureau (CFPB) has chosen to abandon its rule imposing an $8 limit on credit card late fees, according to a consent judgment motion filed this week. The agency and other industry groups like the...
