May 7, 2021 | Federal Regulation, News
Treasury Secretary Yellen Names Michael Hsu to Be Acting OCC Head Treasury Secretary Janet Yellen has named Michael Hsu, a Federal Reserve official, to serve as the acting head of the Office of the Comptroller of the Currency (OCC). The OCC is an independent agency in...
Apr 30, 2021 | Federal Regulation, News
Biden Administration Relaunches White House Council on Native American Affairs Last week, Secretary of the Interior Deb Haaland and Domestic Policy Advisor Susan Rice convened the first White House Council on Native American Affairs (WHCNAA) meeting of the Biden...
Apr 26, 2021 | Federal Regulation, News
CFPB Releases 2020 Fair Lending Report As part of its activities recognizing April as Fair Lending Month, Fair Housing Month, and Financial Capability Month, the Consumer Financial Protection Bureau (CFPB) recently released its annual Fair Lending Report to Congress. ...
Apr 19, 2021 | Federal Regulation, News
CFPB Proposes 60-Day Delay of Final Debt Collection Rules Earlier this month, the Consumer Financial Protection Bureau (CFPB) proposed delaying the effective date of two debt collection rules issued under the Fair Debt Collection Practices Act (FDCPA). The rules are...
Apr 12, 2021 | Banks & Credit Unions, Federal Regulation, News
FDIC Launches Campaign Aimed at Persuading Unbanked to Get Accounts The Federal Deposit Insurance Corporation (FDIC) recently launched a public awareness campaign highlighting the benefits of opening a bank account. The goal of the pilot campaign is to support...
Apr 9, 2021 | Federal Regulation, News
CFPB Rescinds Seven Policy Statements Issued Last Year Last week, the Consumer Financial Protection Bureau (CFPB) announced its rescinding of seven policy statements issued in 2020 that provided temporary flexibility to financial institutions in markets such as...
