Dec 19, 2019 | Federal Regulation, News
Last week, the U.S. Senate Committee on Banking, Housing, and Urban Affairs met for a hearing entitled “Oversight of the Securities and Exchange Commission” (SEC). The SEC’s mission is to maintain efficient markets, facilitate capital formation, and protect investors....
Dec 17, 2019 | Federal Regulation, News
Last week, the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) convened a free public workshop at the Constitution Center in Washington, D.C. examining “issues affecting the accuracy of traditional credit reports as well as...
Dec 10, 2019 | Banks & Credit Unions, Federal Regulation, News
Last week, five federal agencies—including the Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the...
Dec 9, 2019 | Federal Regulation, News
As cybersecurity breach concerns have risen, the Federal Reserve has indicated in recent weeks that the nation’s central bank may soon boost supervision of technology firms in the banking industry. They are considering examining governance and compliance systems at...
Dec 5, 2019 | Congressional Legislation, Federal Regulation, News
This week, the House Financial Services Committee is convening four hearings on various issues, which will be followed up by a two-day legislative markup next week. On Tuesday, the full committee held a hearing entitled “Oversight of Prudential Regulators: Ensuring...
Dec 2, 2019 | Federal Regulation, News
With student loans becoming the biggest non-mortgage type of debt in the United States, the federal government has created income-driven repayment (IDR) plans to curb student loan debt stress. Recently, the Consumer Financial Protection Bureau (CFPB) released a Data...
