Nov 25, 2022 | Federal Regulation, News
Treasury Recommends Bank Regulators Finalize Bank-Fintech Relationship Guidance The U.S. Treasury Department said in a report issued last week that more oversight of the fintech sector and bank-fintech relationships is necessary to protect consumers and maintain...
Nov 23, 2022 | Federal Regulation, Litigation, News
CFPB Asks SCOTUS to Uphold Constitutionality of Funding Last week, the Consumer Financial Protection Bureau (CFPB) filed a petition asking the U.S. Supreme Court to undo a ruling by the Fifth Circuit Court of Appeals that determined the Bureau’s funding structure was...
Nov 18, 2022 | Federal Regulation, News
White House Announces Intent to Nominate Gruenberg as FDIC Chair On Monday, President Joe Biden announced his intent to nominate Martin Gruenberg to be chairman of the Federal Deposit Insurance Corp. (FDIC). Gruenberg has been acting chairman of the agency since...
Nov 16, 2022 | Federal Regulation, News
Arizona Voters Approve New Limits on Consumer Debt Collection In last week’s elections, Arizona voters approved Proposition 209, a measure that will lower interest rates on medical debt and raise borrower protections from debt collectors. Although the measure had...
Nov 9, 2022 | Federal Regulation, News
CFPB Launches Rulemaking Process to Strengthen Personal Financial Data Rights The Consumer Financial Protection Bureau (CFPB) recently launched a rulemaking process which it says is intended to help strengthen consumers’ control over and access to their financial...
Nov 4, 2022 | Federal Regulation, FinTech, News
OCC Announces Plans to Establish Office of Financial Technology Last week, the Office of the Comptroller of the Currency (OCC) announced plans to create an Office of Financial Technology in 2023 to help the agency adapt to the changing banking landscape. The office...
