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...
Mar 21, 2022 | Federal Regulation, FinTech, News
Biden Signs Executive Order on Digital Assets, Including Cryptocurrencies Earlier this month, President Biden signed an Executive Order on digital assets including cryptocurrency, representing the first ever whole-of-government approach to address the benefits and...
Mar 16, 2022 | Federal Regulation, News
Raskin Withdraws Fed Nomination After Manchin Announces Opposition Lisa Bloom Raskin, nominated by President Biden to serve on the Federal Reserve Board of Governors and as its Vice Chair of Supervision, has withdrawn her nomination after Senator Joe Manchin (D-W.V.)...