Dec 1, 2021 | Congressional Legislation, Federal Regulation, News
Five Senators Oppose Omarova Nomination for OCC Last week, five Democratic Senators told the White House that they oppose the Biden Administration’s pick to lead the Office of the Comptroller of the Currency (OCC), Saule Omarova. With Republicans widely opposed to the...
Nov 29, 2021 | Congressional Legislation, News
Reps. Garcia and Grothman Re-Introduce 36 Percent Rate Cap Bill U.S. Reps. Jesus “Chuy” Garcia (D-Ill.) and Glenn Grothman (R-Wisc.) recently introduced their Veterans and Consumers Fair Credit Act in an effort to extend the 36 percent rate cap established on small...
Nov 26, 2021 | Federal Regulation, News
CFPB Sues Pawn Lenders for MLA Violations Earlier this month, the Consumer Financial Protection Bureau (CFPB) sued FirstCash, Inc. and Cash America West, Inc., two pawn lenders that the Bureau alleges violated the Military Lending Act (MLA) by charging active-duty...
Nov 22, 2021 | Federal Regulation, Financial Literacy, News
Democratic Senators Push CFPB to Reform Credit Reporting Last week, in a letter sent to CFPB Director Rohit Chopra, seven Democratic Senators urged the Consumer Financial Protection Bureau (CFPB) to take steps toward reforming the credit reporting industry....
Nov 19, 2021 | Federal Regulation, News
OCC Nominee Omarova Testifies at Confirmation Hearing Yesterday, President Biden’s nominee for the Office of the Comptroller of the Currency (OCC), Professor Saule Omarova, testified before the Senate Banking Committee at her confirmation hearing. While her nomination...
