Nov 18, 2022 | Federal Regulation, News
White House Announces Intent to Nominate Gruenberg as FDIC Chair On Monday, President Joe Biden announced his intent to nominate Martin Gruenberg to be chairman of the Federal Deposit Insurance Corp. (FDIC). Gruenberg has been acting chairman of the agency since...
Nov 16, 2022 | Federal Regulation, News
Arizona Voters Approve New Limits on Consumer Debt Collection In last week’s elections, Arizona voters approved Proposition 209, a measure that will lower interest rates on medical debt and raise borrower protections from debt collectors. Although the measure had...
Nov 14, 2022 | Banks & Credit Unions, News
Credit Card Debt Back to Pre-Pandemic Levels In September, total credit card balances in the U.S. jumped to $916 billion, which is almost identical to where it was before the pandemic, according to credit-reporting firm Equifax. Balances rose 9 percent from January,...
Nov 11, 2022 | Congressional Legislation, News
Three Days after Election, Control of House and Senate Still Undecided; Key Financial Services Policymakers Win Re-Election While Republicans were widely expected by most prognosticators to take a sizeable majority in the House of Representatives and have a chance at...
Nov 9, 2022 | Federal Regulation, News
CFPB Launches Rulemaking Process to Strengthen Personal Financial Data Rights The Consumer Financial Protection Bureau (CFPB) recently launched a rulemaking process which it says is intended to help strengthen consumers’ control over and access to their financial...
