Nov 19, 2019 | Congressional Legislation, News
Last week, U.S. Reps. Jesus “Chuy” Garcia (D-Ill.) and Glenn Grothman (R-Wisc.) introduced legislation that would extend consumer loan restrictions included in the Military Lending Act to all consumers across the nation. In practice, this would bar many consumer...
Nov 15, 2019 | Congressional Legislation, FinTech, News
U.S. Rep. Jesus “Chuy” García (D-Ill.), who represents parts of Chicago and its suburbs, has drafted three bills aimed at keeping big tech companies like Facebook, Google, and Amazon out of the financial services industry. He says that his plan is to prohibit...
Nov 5, 2019 | Congressional Legislation, News
Last week, House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) announced several committee hearings and topics that her committee is set to address over the month of November. The House is currently out of session on a District Work Period through...
Oct 30, 2019 | Congressional Legislation, News
On October 28, the House of Representatives passed the Financial Inclusion in Banking Act, a bill that aims to address “systemic barriers in traditional banking and promotes greater inclusion in our nation’s financial system.” According to Congressman David Scott, who...
Oct 11, 2019 | Congressional Legislation, Federal Regulation, News
← Previous Article Kathy Kraninger, the Director of the Consumer Financial Protection Bureau (CFPB), will visit the House Financial Services Committee and the Senate Banking Committee next week to deliver the semi-annual report of the CFPB.In what promises to be...
Sep 25, 2019 | Congressional Legislation, Federal Regulation, News
← Previous Article Next Article → Republicans on the House Financial Services Committee sent a letter earlier this week to Comptroller Joseph Otting, head of the Office of the Comptroller of the Currency (OCC), urging him to administratively fix “Madden.”As...
