Sep 15, 2021 | Congressional Legislation, News
Yellen Warns of Financial Stability Implications if Congress Fails to Raise Debt Ceiling Treasury Secretary Janet Yellen recently sounded alarm bells for U.S. financial regulators, warning that if the nation’s debt ceiling isn’t addressed, there could be “financial...
Sep 13, 2021 | Federal Regulation, News
NY Gov. Hochul Nominates Adrienne Harris to Lead NYDFS Shortly after taking office following former Governor Andrew Cuomo’s resignation in the wake of a sexual harassment scandal, New York Governor Kathy Hochul announced the nomination of Adrienne Harris to lead the...
Sep 10, 2021 | Congressional Legislation, News
House Financial Services Committee to Hold Seven Hearings, One Markup in September This month, the House Financial Services Committee will hold seven hearings and one full Committee markup, according to a schedule released by Committee Chair Maxine Waters (D-Calif.)....
Sep 8, 2021 | Banks & Credit Unions, FinTech, News
Credit Unions Exploring Buy Now, Pay Later Installment Products Buy now/pay later (BNPL) installment products have become more popular throughout the COVID pandemic, with credit unions increasingly participating in offering the product. Typical BNPL products allow...
Sep 6, 2021 | Federal Regulation, FinTech, News
Regulators Urge Banks to Assess Risk in Fintech Relationships Recently, the Federal Reserve, the Federal Deposit Insurance Corp. (FDIC), and the Office of the Comptroller of the Currency (OCC) issued new guidance for community banks to better assess risk as they...
