Feb 2, 2022 | Federal Regulation, News
CFPB Scrutinizing Credit Card Industry Interest and Fees The Consumer Financial Protection Bureau (CFPB) last month took aim at credit card issuers and announced that it was looking at whether credit card companies are participating in unfair or anti-competitive...
Jan 24, 2022 | Federal Regulation, News
Biden Nominates Three to Fed Board of Governors Recently, President Biden announced nominations of three top officials to the Federal Reserve Board of Governors: former Treasury Department Deputy Secretary Sarah Bloom Raskin for Fed chair of supervision, and Michigan...
Jan 14, 2022 | Federal Regulation, News
CFPB Report Claims Credit Bureaus Deficient in Responding to Consumer Complaints A recent analysis by the Consumer Financial Protection Bureau (CFPB) found that the three major credit reporting agencies—Equifax, Experian, and TransUnion—reported relief in response to...
Jan 5, 2022 | Federal Regulation, News
FDIC Chair McWilliams to Resign in Early February In a surprising move that comes after weeks of partisan infighting at the agency, Federal Deposit Insurance Corporation (FDIC) Chairwoman Jelena McWilliams announced on December 31 that she would be resigning as...
Dec 31, 2021 | Federal Regulation, News
OCC Outlines Climate Risk Standards for Big Banks Earlier this month, the Office of the Comptroller of the Currency (OCC) requested public feedback on draft supervisory principles designed to support the identification and assessment of climate-related financial risks...
Dec 29, 2021 | Federal Regulation, News
CFPB Opens Inquiry Into BNPL The Consumer Financial Protection Bureau (CFPB) recently issued a series of orders to assess the risks and benefits of “buy now, pay later” (BNPL) credit to five major companies offering the service: Affirm, Afterpay, Klarna, PayPal, and...
