Jun 3, 2022 | Congressional Legislation, News
Louisiana Governor Vetoes Installment Lending Bill After passing Louisiana’s House of Representatives on May 10 and State Senate on May 16, Louisiana Governor John Bel Edwards has vetoed SB381, the Louisiana Credit Access Loan Act. The legislation would have allowed...
Jun 1, 2022 | Federal Regulation, News
CFPB Interpretive Rule Empowers State Enforcement In May, the Consumer Financial Protection Bureau (CFPB) issued a new interpretive rule that empowers states’ consumer protection enforcement bodies to enforce the Consumer Financial Protection Act. The Bureau also said...
May 30, 2022 | Financial Literacy, News
Federal Reserve’s Latest Economic Well-Being of U.S. Households Report Finds Roughly 1/3 of Americans Could Not Cover $400 Emergency Expense Out of Pocket In its Economic Well-Being of U.S. Households in 2021 report, issued last week, the Federal Reserve found that...
May 27, 2022 | Congressional Legislation, Federal Regulation, News
Senators Author Bipartisan Plan to Create Oversight Body For Emerging Financial Technologies Senators Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-Wyo.) are set to release draft legislation on digital assets, which will be open for a month-long public comment...
May 25, 2022 | Federal Regulation, News
Fifth Circuit May Invalidate CFPB Funding Structure Since the Dodd Frank Wall Street Reform and Consumer Protection Act, the legislation that established the Consumer Financial Protection Bureau (CFPB), was passed by Congress and signed into law 12 years ago, CFPB’s...
