May 11, 2021 | Congressional Legislation, Federal Regulation, NAFSA News, News
NAFSA Sends Letter to Senate Leaders Expressing Support for OCC’s True Lender Rule As the U.S. Senate prepares to consider a resolution introduced by Senators Chris Van Hollen (D-Md.) and Sherrod Brown (D-Ohio) that would overturn the Office of the Comptroller of the...
May 10, 2021 | Financial Literacy, News
COVID-19 Checks Likely Drove Record Rise in Household Income In March 2021, household income rose at a record pace of 21.1 percent, the largest monthly increase since 1959. This is largely due to the federal stimulus payments amidst the COVID-19 pandemic, which...
May 7, 2021 | Federal Regulation, News
Treasury Secretary Yellen Names Michael Hsu to Be Acting OCC Head Treasury Secretary Janet Yellen has named Michael Hsu, a Federal Reserve official, to serve as the acting head of the Office of the Comptroller of the Currency (OCC). The OCC is an independent agency in...
May 5, 2021 | Financial Literacy, News
CFPB Report Details Changes in Consumer Financial Status During Early Months of Pandemic A new report in the Consumer Financial Protection Bureau’s (CFPB) Making Ends Meet survey series presents results from the Bureau’s study of COVID-19’s early impact on consumers’...
May 3, 2021 | Congressional Legislation, News
House Financial Services Committee Reauthorizes Task Forces on Financial Technology and Artificial Intelligence Congresswoman Maxine Waters (D-Calif.), Chairwoman of the House Financial Services Committee, recently announced the reauthorization of the Committee’s...
