Aug 12, 2020 | Federal Regulation, News
Kraninger Open to Congressional Proposals to Restructure CFPB Leadership Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger recently stated that she is open to changes regarding the Bureau’s leadership structure. Her comments at a hearing before the...
Aug 5, 2020 | Congressional Legislation, Federal Regulation, News
Kraninger Appears Before House Financial Services and Senate Banking Committees Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger appeared before both chambers of Congress last week in a pair of hearings on the CFPB’s Semi-Annual Report to Congress....
Jul 31, 2020 | Banks & Credit Unions, Federal Regulation, News
Biden Proposes Public Credit Reporting Agency in Policy Plan In a recent plan outlining the presumptive Democratic presidential nominee’s housing policies, Joe Biden has proposed creating a public credit reporting agency within the Consumer Financial Protection...
Jul 27, 2020 | Federal Regulation, News
Dodd-Frank Act Turns Ten Last week, on the 10th anniversary of the Dodd-Frank Act being signed into law, its major supporters praised its survival despite years of opposition. The legislation’s authors, former Senator Chris Dodd (D-Conn.) and former Representative...
Jul 24, 2020 | Federal Regulation, News
OCC Issues Proposed True Lender Rule On Monday, the Office of the Comptroller of the Currency (OCC) proposed a new rule that would clarify when banks are the “true lenders” of loans when involved with third parties. In so doing, the rule would resolve key...
Jul 20, 2020 | Federal Regulation, Financial Literacy, News
CFPB Releases Results of Making Ends Meet Survey Last week, the Consumer Financial Protection Bureau (CFPB) released the first results from its Making Ends Meet survey, which is part of the CFPB’s mission to study the competitive marketplace, credit access, and...
