Dec 18, 2024 | Congressional Legislation, News
Rep. French Hill Chosen to Chair House Financial Services Committee Representative French Hill (R-Ark.) has been selected by the Republican Steering Committee to serve as Chairman of the House Financial Services Committee (HFSC), with the impending retirement of the...
Dec 12, 2024 | Federal Regulation, News
CFPB Proposes Rule Taking Aim at Data Brokers Last week, the Consumer Financial Protection Bureau (CFPB) proposed a rule that would restrict data brokers’ access to consumer data and the ability to sell that information. Data brokers collect and sell consumer-level...
Dec 10, 2024 | Federal Regulation, Litigation, News
Federal Judge Upholds Order Blocking CFPB’s Cap on Credit Card Late Fees Earlier this month, federal Judge Mark Pittman of Fort Worth decided to uphold an injunction he issued in May blocking the Consumer Financial Protection Bureau’s (CFPB) $8 cap on credit...
Dec 4, 2024 | Federal Regulation, News
CFPB Payday Lending Rule to Take Effect March 30, 2025, Appeals Court Determines Last week, a panel of the Fifth U.S. Circuit Court of Appeals set March 30, 2025 as the effective date of the Consumer Financial Protection Bureau’s (CFPB) payday lending rule. The rule...
Nov 27, 2024 | Federal Regulation, News
Trump Names Scott Bessent as Treasury Secretary Last week, President-elect Donald Trump named billionaire investor Scott Bessent as Treasury Secretary, likely positioning Bessent to be the key leader of Trump’s economic team. As in his previous administration, Trump...
