Senate Banking Committee Holds Hearing on Digital Banking
Senate Banking Committee Holds Hearing on Digital Banking Earlier this week, the U.S. Senate Committee on Banking, Housing, and Urban Affairs conducted a remote hearing to examine “The Digitization of Money and Payments.” This comes as the COVID-19 pandemic has given...
FDIC Issues Rule to Codify Permissible Interest on Transferred Loans
FDIC Issues Rule to Codify Permissible Interest on Transferred Loans The Federal Deposit Insurance Corporation (FDIC) recently issued a final rule to codify guidance that accurate interest rates are determined when loans are made, and not affected by any loan...
SCOTUS Rules that President Can Remove CFPB Director at Will, But Bureau Can Remain
SCOTUS Rules that President Can Remove CFPB Director at Will, But Bureau Can Remain This morning, the Supreme Court issued its long-awaited decision in Seila Law LLC v. CFPB, ruling that the Consumer Financial Protection Bureau can remain in place, although the...
