Feb 12, 2025 | Federal Regulation, News
Russell Vought Takes Over as CFPB Acting Director, Closes Office for the Week, and Announces Plans to Cut off Funding; Trump Nominates Jonathan McKernan as Director Last week, President Trump appointed Russell Vought as acting director of the Consumer Financial...
Feb 6, 2025 | Congressional Legislation, Federal Regulation, News
Sens. Hawley and Sanders Introduce Bill to Cap Credit Card Interest Rates Earlier this week, Senators Bernie Sanders (I-Vt.) and Josh Hawley (R-Mo.) introduced a bill that would cap credit card interest rates at 10 percent, the average of which is currently 20...
Feb 4, 2025 | Federal Regulation, News
Rohit Chopra Out at CFPB After Firing; Treasury Secretary Bessent Designated Acting Director Over the weekend, President Donald Trump fired Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra in the most recent example of Biden administration holdovers...
Jan 29, 2025 | Financial Literacy, News
Survey Finds Only 41% of Americans Could Pay $1000 Expense Using Savings A recent Bankrate survey found that only 41 percent of Americans could use savings to pay for an emergency expense of $1000 or more, which is down from 44 percent last year. This number breaks up...
Jan 23, 2025 | Federal Regulation, News
NY Department of Financial Services Proposes Banning Overdraft Fees on Transactions Under $20 The New York Department of Financial Services (NYDFS) recently proposed banning state-chartered banks from charging overdraft fees on transactions that are $20 or less, as...
