Aug 11, 2021 | Federal Regulation, FinTech, News
Warren Urges Yellen to Crack Down on Cryptocurrency In a recent letter, Senator Elizabeth Warren (D-Mass.) urged Treasury Secretary Janet Yellen to work through the Financial Stability Oversight Council, which she chairs, to develop a regulatory strategy on...
Aug 9, 2021 | Banks & Credit Unions, Federal Regulation, News
OCC Reviewing Banks’ Overdraft Policies Acting Comptroller Michael Hsu recently announced that the Office of the Comptroller of the Currency (OCC) is reviewing bank overdraft policies— an announcement that came during testimony in front of the Senate Banking...
Aug 6, 2021 | Banks & Credit Unions, Federal Regulation, News
Applications for Auto Loans, Mortgages, and Credit Cards Back to Pre-Pandemic Levels, According to CFPB Issue Brief Last week, the Consumer Financial Protection Bureau (CFPB) published an issue brief finding that consumer applications for auto loans, mortgages, and...
Jul 28, 2021 | Federal Regulation, News
CFPB Marks 10th Anniversary Earlier this month, the Consumer Financial Protection Bureau (CFPB) celebrated its 10th anniversary after officially launching as an agency in July 2011. Following the financial crisis of 2007-2008, members of Congress pushed for...
Jul 26, 2021 | Federal Regulation, News
FDIC, OCC, and Federal Reserve Seek Comment on Third-Party Relationships Guidance The Federal Deposit Insurance Corp. (FDIC), the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency (OCC) recently proposed guidance...
Jul 23, 2021 | Congressional Legislation, Federal Regulation, News
HFSC Ranking Member McHenry Pushes for Acting CFPB Director Uejio to Come Before Committee Representative Patrick McHenry (R-N.C.), ranking member of the House Financial Services Committee (HFSC) wants Consumer Financial Protection Bureau (CFPB) Acting Director Dave...
