Mar 15, 2023 | Congressional Legislation, News
House Financial Services Committee Holds Hearing on CFPB Reform At a hearing last week, the House Financial Services Committee (HFSC) discussed ways to either reform or defund the Consumer Financial Protection Bureau (CFPB) as Republicans continued to criticize the...
Mar 13, 2023 | Congressional Legislation, Federal Regulation, News
Republican House Members Press Chopra on Credit Card Late Fees Proposal Last week, 17 Republican members of the House Financial Services Committee sent a letter to Rohit Chopra, Director of the Consumer Financial Protection Bureau (CFPB), concerning the CFPB’s credit...
Mar 10, 2023 | Federal Regulation, News
White House Pushes States to Join Crackdown on “Junk Fees” White House officials and Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra recently urged states to join their effort to crack down on “junk fees” that the officials say are...
Mar 8, 2023 | Federal Regulation, FinTech, News
CFPB Issues Report on Financial Profiles of Buy Now Pay Later Customers The Consumer Financial Protection Bureau (CFPB) recently published a report analyzing the financial profiles of buy now, pay later (BNPL) customers, finding that BNPL consumers were more likely to...
Mar 6, 2023 | Financial Literacy, News
Nearly Half of U.S. Adults Have Less or No Savings Compared to One Year Ago A recent Bankrate report found that 49 percent of U.S. adults have either less or no emergency savings compared to a year ago, including 39 percent who have less savings than last year, and 10...
Mar 3, 2023 | Congressional Legislation, News
McHenry Introduces Data Privacy Legislation Last week, Rep. Patrick McHenry (R-N.C.), Chairman of the House Financial Services Committee (HFSC), introduced the Data Privacy Act of 2023, which is meant to modernize financial data privacy laws by requiring financial...
