Nov 11, 2020 | Federal Regulation, News
Joe Biden Elected President, Will Set Financial Policy for Next Four Years After several days of counting votes, Democratic presidential candidate Joe Biden unseated incumbent President Donald Trump and is thus set to become the next president of the United States on...
Nov 9, 2020 | Federal Regulation, News
CFPB Reorganizes to Prioritize Supervision over Enforcement A recent internal memorandum circulated at the Consumer Financial Protection Bureau (CFPB) introduced a major internal reorganization that would remove the Office of Enforcement’s autonomy to open...
Nov 2, 2020 | Federal Regulation, News
OCC Finalizes True Lender Rule The Office of the Comptroller of the Currency (OCC) last week finalized its “true lender” rule, which applies a basic test to determine when a bank is considered the true lender when partnering with nonbanks. This is the most recent...
Oct 9, 2020 | Federal Regulation, News
Reshaped Supreme Court Could Aim at Regulatory Power After the death of Justice Ruth Bader Ginsburg last month and the subsequent nomination of Judge Amy Coney Barrett to replace her on the Supreme Court, many expect the reshaped, conservative-dominated Court to be...
Oct 7, 2020 | Federal Regulation, Financial Literacy, News
Fed Consumer Finance Survey Shows Increased Online Banking Usage and Higher Debt Burdens The Federal Reserve’s most recent Survey of Consumer Finances showed an increased engagement in online banking, an attempt to grow savings, and a higher debt burden held by...
Oct 2, 2020 | Federal Regulation, Financial Literacy, News
CFPB Issues Report on Perceived Financial Preparedness, Security, and Saving A recent report from the Consumer Financial Protection Bureau (CFPB) examines the relationship between saving money and more objective measures of consumers’ financial situations, like...
