Nov 2, 2022 | Federal Regulation, News
CFPB Response in TransUnion Case Lays Groundwork for Potential Appeal to Fifth Circuit Ruling Last month, the Fifth Circuit Court of Appeals issued a long-awaited ruling which found that the independent funding mechanism Congress established to insulate the Consumer...
Oct 31, 2022 | Federal Regulation, News
NYDFS Superintendent Wants to Take Leading Role on Setting Nationwide Regulatory Agenda, Starting with Crypto Adrienne Harris, who was confirmed in January to be superintendent of the New York State Department of Financial Services (NYDFS), recently said in an...
Oct 28, 2022 | Banks & Credit Unions, Federal Regulation, News
FDIC Releases 2021 National Survey of Unbanked and Underbanked Households Results, Finding that Number of Banked Households Rose to Nearly 96 Percent Earlier this week, the Federal Deposit Insurance Corporation (FDIC) released the results of its 2021 National Survey...
Oct 26, 2022 | Federal Regulation, Financial Literacy, News
CFPB Report Details Impacts of Overdraft Fees on Economically Insecure Older Adults The Consumer Financial Protection Bureau recently released a report highlighting how overdraft fees affect economically insecure older adults. Most financial institutions charge an...
Oct 21, 2022 | Federal Regulation, Litigation, News
Fifth Circuit Court of Appeals Finds CFPB Funding Mechanism is Unconstitutional On Wednesday night, the Fifth Circuit Court of Appeals issued a long-awaited ruling which found that the independent funding mechanism Congress established to insulate the Bureau from...
Oct 5, 2022 | Federal Regulation, News
CFPB to Toughen Caps on Credit Card Late Fees Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra has set a framework for the CFPB to issue a rule next year to determine if credit card late fees are set at reasonable levels, and whether they should...
