Nov 13, 2020 | Banks & Credit Unions, Congressional Legislation
Reps. Tlaib and Ocasio-Cortez Introduce Bill to Create National Public Banking System Last month, Representatives Alexandria Ocasio-Cortez (D-N.Y.) and Rashida Tlaib (D-Mich.), both of whom serve on the House Financial Services Committee, introduced legislation...
Nov 11, 2020 | Federal Regulation, News
Joe Biden Elected President, Will Set Financial Policy for Next Four Years After several days of counting votes, Democratic presidential candidate Joe Biden unseated incumbent President Donald Trump and is thus set to become the next president of the United States on...
Nov 9, 2020 | Federal Regulation, News
CFPB Reorganizes to Prioritize Supervision over Enforcement A recent internal memorandum circulated at the Consumer Financial Protection Bureau (CFPB) introduced a major internal reorganization that would remove the Office of Enforcement’s autonomy to open...
Nov 6, 2020 | FinTech, News
UBS Launches $200M Fintech Portfolio Last month, multinational investment bank UBS launched UBS Next, a $200 million investment portfolio targeting investments in the tech sector, with a focus on fintech. The bank will use the $200 million portfolio to look at...
Nov 4, 2020 | Financial Literacy, News
Experian Finds Americans Maintaining Healthy Credit Profiles During COVID-19 Pandemic According to Experian’s latest State of Credit report, most Americans are responsibly managing their credit during the global COVID-19 pandemic by taking actions such as reducing...