Oct 9, 2020 | Federal Regulation, News
Reshaped Supreme Court Could Aim at Regulatory Power After the death of Justice Ruth Bader Ginsburg last month and the subsequent nomination of Judge Amy Coney Barrett to replace her on the Supreme Court, many expect the reshaped, conservative-dominated Court to be...
Oct 7, 2020 | Federal Regulation, Financial Literacy, News
Fed Consumer Finance Survey Shows Increased Online Banking Usage and Higher Debt Burdens The Federal Reserve’s most recent Survey of Consumer Finances showed an increased engagement in online banking, an attempt to grow savings, and a higher debt burden held by...
Oct 2, 2020 | Federal Regulation, Financial Literacy, News
CFPB Issues Report on Perceived Financial Preparedness, Security, and Saving A recent report from the Consumer Financial Protection Bureau (CFPB) examines the relationship between saving money and more objective measures of consumers’ financial situations, like...
Sep 28, 2020 | Federal Regulation, News
Boston Fed Chief Warns of U.S. Credit Tightening, Calls for More Fiscal Relief The United States economy could encounter more business bankruptcies and foreclosures in the coming months if there is an increase in COVID-19 cases and no additional fiscal aid, according...
Sep 14, 2020 | Federal Regulation, News
California Legislature Passes Bills Requiring Debt Collectors to Obtain Licenses The California legislature has now passed a third piece of legislation related to the consumer financial services industry, SB 908, which establishes new licensure requirements for debt...
Sep 9, 2020 | Federal Regulation, News
Fed Survey Reports Widespread Uncertainty About U.S. Economic Future A recent Federal Reserve report, known as the Beige Book, found that while economic activity was on the rise in August 2020, there is widespread uncertainty about the economic future of the United...
