Jun 6, 2022 | Federal Regulation, News
House Subcommittee Investigating Credit Companies on Credit Report Errors During Pandemic Democratic members of the House Select Subcommittee on the Coronavirus Crisis recently informed Equifax, Inc., Experian PLC, and TransUnion that they would be probing the...
Jun 1, 2022 | Federal Regulation, News
CFPB Interpretive Rule Empowers State Enforcement In May, the Consumer Financial Protection Bureau (CFPB) issued a new interpretive rule that empowers states’ consumer protection enforcement bodies to enforce the Consumer Financial Protection Act. The Bureau also said...
May 27, 2022 | Congressional Legislation, Federal Regulation, News
Senators Author Bipartisan Plan to Create Oversight Body For Emerging Financial Technologies Senators Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-Wyo.) are set to release draft legislation on digital assets, which will be open for a month-long public comment...
May 25, 2022 | Federal Regulation, News
Fifth Circuit May Invalidate CFPB Funding Structure Since the Dodd Frank Wall Street Reform and Consumer Protection Act, the legislation that established the Consumer Financial Protection Bureau (CFPB), was passed by Congress and signed into law 12 years ago, CFPB’s...
May 20, 2022 | Federal Regulation, News
Senate Banking Committee Holds Confirmation Hearing for Fed Nominee Michael Barr On Thursday, the Senate Banking Committee held a confirmation hearing for three of President Biden’s nominees for various positions. In addition to Michael Barr, chosen to be the Federal...
May 11, 2022 | Federal Regulation, News
Senate Confirms Cook, Jefferson to Federal Reserve Board of Governors Nearly four months after President Biden nominated Dr. Lisa Cook and Dr. Philip Jefferson to serve on the Board of Governors of the Federal Reserve System, the Senate has voted to confirm his...
