Republicans Blast CFPB Director in Preview of Next Congress
Republicans Blast CFPB Director in Preview of Next Congress During a contentious hearing last week in which Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra testified before the House Financial Services Committee at a hearing entitled “Consumers...
Brown, Democratic Senators Introduce Legislation on Industrial Loan Companies
Brown, Democratic Senators Introduce Legislation on Industrial Loan Companies Earlier this month, Senator Sherrod Brown (D-Ohio), Chair of the Senate Committee on Banking, Housing, and Urban Affairs was joined by two of his Senate colleagues in introducing the Close...
CFPB Proposes Online Registry of Nonbank Repeat Offenders
CFPB Proposes Online Registry of Nonbank Repeat Offenders The Consumer Financial Protection Bureau (CFPB) on Monday proposed requiring certain nonbank financial firms to register with the agency when they become subject to certain local, state, or federal agency court...
Nearly Half of Fintech Lenders Now See Regulatory Challenges as Top Concern
Nearly Half of Fintech Lenders Now See Regulatory Challenges as Top Concern A recent survey of 100 fintech industry leaders found that 32 percent of respondents viewed regulatory challenges as the main threat to their businesses in the first quarter of 2022. For data...
