CFTC Report Warns Climate Change Poses Risk to Financial System
CFTC Report Warns Climate Change Poses Risk to Financial System A recent report from a task force for the Commodity Futures Trading Commission (CFTC) warned that climate change could seriously affect the U.S. financial system and urged regulators to move decisively...
Declines in Credit Unions’ Credit Card Debt Mirror Broader Trend
Declines in Credit Unions’ Credit Card Debt Mirror Broader Trend According to a new report from WalletHub, Americans have paid down more than $118 billion of credit card debt in 2020, eliminating all of the sector’s 2019 gains. Total credit card debt fell 7.6 percent...
Biden Proposes Public Credit Reporting Agency in Policy Plan
Biden Proposes Public Credit Reporting Agency in Policy Plan In a recent plan outlining the presumptive Democratic presidential nominee’s housing policies, Joe Biden has proposed creating a public credit reporting agency within the Consumer Financial Protection...
Banks Urged to Make Small Dollar Loans, but Remain Reluctant
Banks Urged to Make Small Dollar Loans, but Remain Reluctant In recent years, regulatory agencies under the Trump Administration have pressed credit unions and banks to offer more credit options for consumers, including small dollar loans. However, banks have remained...
