May 14, 2021 | Federal Regulation, News
Biden Administration Taps Former CFPB Director Richard Cordray to Oversee Federal Student Loans The Biden administration recently appointed former director of the Consumer Financial Protection Bureau (CFPB) Richard Cordray to lead the Education Department’s Office of...
May 11, 2021 | Congressional Legislation, Federal Regulation, NAFSA News, News
NAFSA Sends Letter to Senate Leaders Expressing Support for OCC’s True Lender Rule As the U.S. Senate prepares to consider a resolution introduced by Senators Chris Van Hollen (D-Md.) and Sherrod Brown (D-Ohio) that would overturn the Office of the Comptroller of the...
May 10, 2021 | Financial Literacy, News
COVID-19 Checks Likely Drove Record Rise in Household Income In March 2021, household income rose at a record pace of 21.1 percent, the largest monthly increase since 1959. This is largely due to the federal stimulus payments amidst the COVID-19 pandemic, which...
May 7, 2021 | Federal Regulation, News
Treasury Secretary Yellen Names Michael Hsu to Be Acting OCC Head Treasury Secretary Janet Yellen has named Michael Hsu, a Federal Reserve official, to serve as the acting head of the Office of the Comptroller of the Currency (OCC). The OCC is an independent agency in...
May 5, 2021 | Financial Literacy, News
CFPB Report Details Changes in Consumer Financial Status During Early Months of Pandemic A new report in the Consumer Financial Protection Bureau’s (CFPB) Making Ends Meet survey series presents results from the Bureau’s study of COVID-19’s early impact on consumers’...
