Jun 13, 2024 | Congressional Legislation, Federal Regulation, News
CFPB Director Chopra Testifies Before Senate Banking, House Financial Services Committees This week, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra testified before both the Senate Committee on Banking, Housing, and Urban Affairs and the House...
Jun 11, 2024 | Federal Regulation, News
CFPB Finalizes Rule to Create “Repeat Offender” Registry Last week, the Consumer Financial Protection Bureau (CFPB) finalized a rule that will establish a registry to track people and companies that have repeatedly broken consumer protection laws. Non-bank...
Jun 5, 2024 | Financial Literacy, News
Younger Consumers Struggling to Pay Credit Card Debts A recent report on first quarter household debt by the Federal Reserve Bank of New York found the share of credit card debt over 90 days past due rose to 10.7 percent in the first quarter, which is a 14-year high....
May 30, 2024 | Federal Regulation, FinTech, News
CFPB Proposes Regulating BNPL Loans Like Credit Cards Last week, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule that considers Buy Now, Pay Later (BNPL) lenders to be credit card providers. The Bureau says that the move is meant to protect...
May 28, 2024 | Federal Regulation, News
Amid Scandal, Gruenberg Announces Plans to Resign Once Successor is Approved Federal Deposit Insurance Corp (FDIC) Chairman Martin Gruenberg announced last week that he plans to step down after the Special Review Committee’s recent report detailing sexual harassment,...
