Nov 27, 2024 | Federal Regulation, News
Trump Names Scott Bessent as Treasury Secretary Last week, President-elect Donald Trump named billionaire investor Scott Bessent as Treasury Secretary, likely positioning Bessent to be the key leader of Trump’s economic team. As in his previous administration, Trump...
Nov 25, 2024 | Federal Regulation, News
Regulators Largely Pausing New Rules Until Next Administration Three top financial regulators, the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corp. (FDIC), and the Federal Reserve (Fed) recently told the House Financial Services...
Nov 20, 2024 | Congressional Legislation, News
Elizabeth Warren to Lead Democrats on Senate Banking Committee With Republicans taking the majority in the Senate and current Chairman Sherrod Brown (D-Ohio) losing his reelection, that means Senator Elizabeth Warren (D-Mass.) is set to become the top Democrat on the...
Nov 14, 2024 | Financial Literacy, News
Number of Paycheck-to-Paycheck Consumers Continues Inching Toward Record Highs In light of the recent election, PYMNTS Intelligence found that more than 66 percent of consumers across all income levels are living paycheck to paycheck, which is up from 56 percent who...
Nov 12, 2024 | Federal Regulation, News
CFPB Under Incoming Trump Administration Likely to Roll Back Credit Card and Banking Rules The Consumer Financial Protection Bureau (CFPB) will likely reverse several of its Biden-era rules and scale back its regulatory agenda after President-elect Donald Trump...
