Jan 27, 2023 | Banks & Credit Unions, Federal Regulation, News
Acting Comptroller Warns that “Too Big to Manage” Banks May be Broken Up At a recent event hosted by The Brookings Institution, Acting Comptroller of the Currency Michael Hsu warned that banks whose size is too large to address internal weaknesses and adhere to...
Jan 25, 2023 | Federal Regulation, News
CFPB Proposes Rule to Rein in Nonbank Arbitration Contracts Earlier this month, the Consumer Financial Protection Bureau (CFPB) announced a proposed rule to establish a public registry of supervised nonbanks’ terms and conditions in contracts that claim to limit or...
Jan 23, 2023 | Banks & Credit Unions, News
More Than a Quarter of Checking Account Holders Paying Fees Every Month A new Bankrate study found that 27 percent of U.S. adults, or 57 million people, currently pay monthly fees for their checking accounts, such as routine service charges, ATM fees, and overdraft...
Jan 20, 2023 | Congressional Legislation, News
McHenry Announces House Financial Services Subcommittee Chairs, New Subcommittee on Digital Assets, Financial Technology, and Inclusion House Financial Services Committee Chair Patrick McHenry (R-N.C.) recently announced the committee’s subcommittee chairs for the...
Jan 18, 2023 | Federal Regulation, News
Yellen Agrees to Stay on as Treasury Secretary Through End of Biden’s First Term Treasury Secretary Janet Yellen agreed to remain in her position through the rest of Biden’s presidential term as the White House faces growing challenges like the need to raise the...
