Apr 25, 2022 | Federal Regulation, News
CFPB Releases Report on Financial Challenges Facing Rural Communities Earlier this month, the Consumer Financial Protection Bureau (CFPB) released a report on financial challenges faced by Americans living in rural communities, finding that many of these communities...
Apr 22, 2022 | Federal Regulation, FinTech, News
Yellen Backs Crypto Regulations In a speech at American University earlier this month, Treasury Secretary Janet Yellen outlined the Treasury Department’s plan to regulate digital assets like cryptocurrency, which largely reflects the Biden administration’s priorities....
Apr 20, 2022 | Federal Regulation, News
Biden Picks Michael Barr to be Fed Vice Chair for Supervision Last week, President Biden announced his intent to nominate Michael Barr as the next Federal Reserve Vice Chair for Supervision after his previous choice, Sarah Bloom Raskin, withdrew from consideration...
Apr 18, 2022 | Banks & Credit Unions, News
Democratic State AGs Push Banks on Overdraft Fees Earlier this month, attorneys general (AGs) from more than a dozen states sent letters urging JPMorgan Chase, Bank of America, Wells Fargo, and U.S. Bancorp to eliminate overdraft fees for consumers. In the past year,...
Apr 15, 2022 | Congressional Legislation, Federal Regulation, News
Brown Asks Fed and OCC to Review Bank Mergers Senator Sherrod Brown (D-Ohio), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, recently sent a letter to Federal Reserve Chair Jay Powell and Acting Comptroller of the Currency Michael Hsu,...
