Aug 15, 2022 | Congressional Legislation, Federal Regulation, News
Senate Banking Republicans Say Fed Withheld Documents They Requested During Sarah Bloom Raskin Vetting for Fed Vice Chair of Supervision Last week, Republicans on the Senate Banking Committee, including Ranking Member Pat Toomey (R-Pa.), sent a letter to Federal...
Aug 1, 2022 | Federal Regulation, News
House Republicans: CFPB May Be Colluding with States In a letter sent to Consumer Financial Protection Bureau Director Rohit Chopra last week, three Republicans who sit on the House Financial Services Committee allege that the CFPB’s director may be colluding with...
Jul 25, 2022 | Federal Regulation, News
Michigan Rate Cap Initiative Fails to Make Ballot Last week, Michigan’s Board of Canvassers declined to certify a proposal to cap interest rates on certain loans that campaign organizers hoped to put on the Michigan ballot in November. While the group organizing the...
Jul 22, 2022 | Federal Regulation, News
CFPB Creates Oversight Office to Deal with Congressional Probes A recent internal memo authored by Deputy CFPB Director Zixta Q. Martinez revealed that the Consumer Financial Protection Bureau (CFPB) is creating a new Office of Oversight to manage an expected increase...
Jul 20, 2022 | Federal Regulation, News
N.Y. Department of Financial Services Announces New Guidance on Overdraft and NSF Fees The New York State Department of Financial Services (NYDFS) recently issued new guidance prohibiting unfair and deceptive overdraft and nonsufficient funds (NSF) fees. “Access to...
Jul 15, 2022 | Federal Regulation, News
Barr Confirmed for Fed Vice Chair of Supervision On Wednesday, The U.S. Senate confirmed Michael Barr to serve as Vice Chair of Supervision at the Federal Reserve (Fed), where many expect that he will crack down on big banks while being open to new fintechs playing a...
