Oct 3, 2023 | Congressional Legislation, Federal Regulation, News
Senate Advances SAFER Banking Act, Sending Legislation to Senate Floor Last week, the Senate Banking Committee approved the Secure and Fair Enforcement Regulation (SAFER) Banking Act, a week after it was filed with revisions to garner more bipartisan buy-in. The...
Sep 26, 2023 | Federal Regulation, News
CFPB Launches Rulemaking to Remove Medical Debt from Credit Reports Last week, the Consumer Financial Protection Bureau (CFPB), announced a new rulemaking process to remove medical debts from Americans’ credit reports. The Bureau says that the proposals under...
Sep 11, 2023 | Federal Regulation, News
Senate Confirms Biden’s Fed Nominees Last week, the Senate confirmed three of President Biden’s Federal Reserve nominees: Philip Jefferson to serve as the Fed’s vice chair, Adriana Kugler to serve on the Fed’s Board of Governors, and the renomination of Lisa Cook to...
Aug 23, 2023 | Federal Regulation, News
CFPB Announces Rule to Limit Types of Consumer Data that Can be Sold by Data Brokers Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra said last week at a White House roundtable that the agency plans to propose a rule under the Fair Credit Reporting...
Aug 17, 2023 | Federal Regulation, News
Federal Reserve Launches New Supervisory Program to Oversee Crypto and Nonbank Partnerships Earlier this month, the Federal Reserve announced the launch of a new supervisory program for the banks it supervises to oversee activities surrounding cryptocurrency,...
Jul 26, 2023 | Federal Regulation, Litigation, News
Supreme Court Schedules Arguments in CFPB Constitutionality Case for October The Supreme Court recently announced its October argument calendar—the first month of the court’s next annual term—which includes the case involving the constitutionality of the Consumer...