Oct 1, 2021 | Federal Regulation, News
Senate Confirms Rohit Chopra to Lead CFPB By a vote of 50-48 yesterday evening, Rohit Chopra was confirmed by the U.S. Senate to serve as Director of the Consumer Financial Protection Bureau (CFPB) for a five-year term. Chopra’s nomination was announced in January...
Sep 29, 2021 | Federal Regulation, News
CFPB Issues Report Analyzing Consumer Complaints Throughout Credit Life Cycle Last week, the Consumer Financial Protection Bureau (CFPB) released its “Consumer complaints throughout the credit life cycle, by demographic characteristics” report, which analyzes consumer...
Sep 27, 2021 | Banks & Credit Unions, Federal Regulation, News
Biden Nominates Professor Saule Omarova as Comptroller of the Currency President Joe Biden has nominated law professor Saule Omarova, who currently teaches at Cornell University, to run the Office of the Comptroller of the Currency (OCC). If confirmed by the Senate,...
Sep 24, 2021 | FinTech, News
Capital One CEO Announces Plans to Test Buy Now Pay Later Product Capital One recently announced that it will test a Buy Now, Pay Later (BNPL) product later this year, which will include point-of-sale loans for customers at a specific set of merchants with which it...
Sep 22, 2021 | Banks & Credit Unions, News
Bank of America Introduces Program to Help Customers Avoid Overdrafts Bank of America Corp. recently introduced a new program, titled Balance Connect, which will automatically move customers’ money to avoid overdraft fees. Customers can link their checking account...
