Feb 18, 2022 | Federal Regulation, News
District Court Upholds OCC’s Valid When Made Rule Earlier this month, the U.S. District Court for the Northern District of California ruled against a challenge to the OCC’s “valid when made” rule that was brought by California, Illinois, and New York after the rule...
Feb 16, 2022 | Financial Literacy, FinTech, News
Experian Announces Plans to Launch Buy Now Pay Later Bureau Experian recently announced plans to launch ‘The Buy Now Pay Later Bureau,’ a specialty bureau created to promote responsible and inclusive lending, which the company says it hopes will bring more...
Feb 14, 2022 | Federal Regulation, News
Gruenberg Becomes Acting FDIC Chairman, Outlines Priorities Earlier this month, Martin Gruenberg, a longtime board member of the Federal Deposit Insurance Corp. (FDIC), became the acting chair of the agency after Jelena McWilliams’ resignation. Upon assuming the...
Feb 11, 2022 | Banks & Credit Unions, News
More Americans Than Ever Hold Credit Cards at the End of 2021 TransUnion’s recent Q4 2021 Quarterly Credit Industry Insights Report (CIIR) report found that a record 196 million Americans held credit cards at the end of 2021, with a growing number of cards being...
Feb 9, 2022 | Banks & Credit Unions, News
Banks Closed Nearly 3,000 Branches in 2021, Jumping 38% from 2020 The trend of banks closing branches at a rapid pace continued last year with a recent S&P Global Market Intelligence report finding that banks across the U.S. closed 2,927 branches in 2021, up 38...
