Apr 15, 2022 | Congressional Legislation, Federal Regulation, News
Brown Asks Fed and OCC to Review Bank Mergers Senator Sherrod Brown (D-Ohio), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, recently sent a letter to Federal Reserve Chair Jay Powell and Acting Comptroller of the Currency Michael Hsu,...
Apr 11, 2022 | Federal Regulation, News
Chopra Plans Crackdown on Repeat Offenders In a recent speech at the University of Pennsylvania Law School, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra announced plans to rein in repeat industry offenders by potentially forcing the divestiture of...
Apr 6, 2022 | Federal Regulation, Financial Literacy, News
CFPB Releases 2021 Annual Report; Credit Reporting Receives the Most Complaints While Personal Loans Near Bottom of List Last week, the Consumer Financial Protection Bureau (CFPB) released its 2021 Consumer Response Annual Report which analyzes complaints submitted by...
Mar 30, 2022 | Federal Regulation, Financial Literacy, News
CFPB’s Making Ends Meet Survey Finds 24% of Consumers Have No Savings Set Aside for Emergencies and 39% Have Less than a Month of Income Saved Last week, the Consumer Financial Protection Bureau (CFPB) released insights from its Making Ends Meet Survey and...
Mar 25, 2022 | Federal Regulation, News
CFPB Announces Crackdown on Discrimination in Consumer Finance The Consumer Financial Protection Bureau (CFPB) recently announced changes to its supervisory operations, expanding its authority to crack down on discrimination associated with all financial products....
Mar 23, 2022 | Federal Regulation, News
Senate Banking Committee Advances Powell, Brainard, Jefferson, and Cook for Fed Board With Sarah Bloom Raskin withdrawing her nomination to serve as the Federal Reserve’s vice chair for supervision—the top Wall Street watchdog at the Federal Reserve—Republicans ended...
