Sep 30, 2022 | Federal Regulation, News
White House Nominates Two Republican FDIC Board Members, Plans to Nominate Permanent Leader in Coming Weeks Last week President Joe Biden nominated two Republicans to fill minority party positions on the board of the Federal Deposit Insurance Corp. (FDIC), and said he...
Sep 21, 2022 | Federal Regulation, News
CFPB Aims to Bring Credit Card Protections to Buy Now Pay Later The Consumer Financial Protection Bureau (CFPB) is considering ways to regulate “buy now, pay later” (BNPL) companies, which have surged in popularity since the pandemic, with the Bureau saying that it...
Sep 12, 2022 | Federal Regulation, News
OCC Head Indicates Scrutiny of Bank-Fintech Relationships May Be on the Horizon Speaking before a conference of bankers in New York hosted by the Bank Policy Institute and the Clearing House Association last week, Acting Comptroller of the Currency Michael Hsu said...
Sep 9, 2022 | Federal Regulation, Financial Literacy, News
CFPB Issues Report Detailing Family Finances and Debt in Rural Appalachia Last week, the Consumer Financial Protection Bureau (CFPB) issued the first in a series of reports about the finances of consumers in rural areas, with this first report focusing on consumers in...
Aug 26, 2022 | Federal Regulation, News
FDIC Says Banks Charging Multiple NSF Fees on Same Transaction Could Violate Law The Federal Deposit Insurance Corp. (FDIC) recently warned banks it supervises that it will consider enforcement action if they charge multiple nonsufficient-fund (NSF) fees on the same...
Aug 24, 2022 | Federal Regulation, News
CFPB Issues Interpretive Rule Saying Big Tech Digital Marketers Can be Held Liable for Unfair and Deceptive Practices Earlier this month, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule warning that digital marketing providers must comply...
