Mar 30, 2022 | Federal Regulation, Financial Literacy, News
CFPB’s Making Ends Meet Survey Finds 24% of Consumers Have No Savings Set Aside for Emergencies and 39% Have Less than a Month of Income Saved Last week, the Consumer Financial Protection Bureau (CFPB) released insights from its Making Ends Meet Survey and...
Mar 28, 2022 | FinTech, News
Survey: 72% of Consumers Manage Lending Accounts Online A recent PYMNTS collaboration with Mastercard company Finicity, titled “Account Opening and Loan Servicing in the Digital Environment,” found that 61 percent of consumers have loan accounts with outstanding...
Mar 25, 2022 | Federal Regulation, News
CFPB Announces Crackdown on Discrimination in Consumer Finance The Consumer Financial Protection Bureau (CFPB) recently announced changes to its supervisory operations, expanding its authority to crack down on discrimination associated with all financial products....
Mar 23, 2022 | Federal Regulation, News
Senate Banking Committee Advances Powell, Brainard, Jefferson, and Cook for Fed Board With Sarah Bloom Raskin withdrawing her nomination to serve as the Federal Reserve’s vice chair for supervision—the top Wall Street watchdog at the Federal Reserve—Republicans ended...
Mar 21, 2022 | Federal Regulation, FinTech, News
Biden Signs Executive Order on Digital Assets, Including Cryptocurrencies Earlier this month, President Biden signed an Executive Order on digital assets including cryptocurrency, representing the first ever whole-of-government approach to address the benefits and...
Mar 18, 2022 | FinTech, News
98% of Afterpay Customers Repaid BNPL Loans in 2021 Nearly all Afterpay users paid back their installments in 2021, Block CFO Amrita Ahuja told CNBC when questioned about the company’s acquisition of the “buy now, pay later” (BNPL) service. 98 percent of users repaid...
