Sep 21, 2022 | Federal Regulation, News
CFPB Aims to Bring Credit Card Protections to Buy Now Pay Later The Consumer Financial Protection Bureau (CFPB) is considering ways to regulate “buy now, pay later” (BNPL) companies, which have surged in popularity since the pandemic, with the Bureau saying that it...
Sep 19, 2022 | Congressional Legislation, News
Senate Banking Committee Holds Hearing on New Consumer Financial Products Last week, the Senate Committee on Banking, Housing, and Urban Affairs convened a hearing to examine “New Consumer Financial Products and the Impacts to Workers.” It proved to be another hearing...
Sep 16, 2022 | Financial Literacy, News
Credit Card Interest Rates Hit 26-Year High Last week, the average interest on variable-rate credit cards reached 18.03 percent, the highest rate seen since January 1996, according to recent Bankrate data. Since June 25, rates charged to cardholders have increased by...
Sep 14, 2022 | Financial Literacy, News
Majority of Americans Say Inflation is Causing Financial Hardship A recent Gallup poll found that a majority of Americans are facing moderate or severe financial hardship due to inflation-driven price increases. 56 percent of respondents said they are experiencing...
Sep 12, 2022 | Federal Regulation, News
OCC Head Indicates Scrutiny of Bank-Fintech Relationships May Be on the Horizon Speaking before a conference of bankers in New York hosted by the Bank Policy Institute and the Clearing House Association last week, Acting Comptroller of the Currency Michael Hsu said...
