Jul 14, 2021 | Federal Regulation, News
CFPB Consumer Complaint Bulletin Highlights Consumer Difficulties During Pandemic Earlier this month, the Consumer Financial Protection Bureau (CFPB) released a complaint bulletin highlighting difficulties consumers faced throughout the COVID-19 pandemic concerning...
Jul 9, 2021 | Congressional Legislation, News
House Financial Services Committee Holds Hearing on Proposals to Overhaul Credit Reporting The House Financial Services Committee (HFSC) recently held a hybrid hearing entitled “A Biased, Broken System: Examining Proposals to Overhaul Credit Reporting to Achieve...
Jul 7, 2021 | Financial Literacy, News
Increased Consumer Activity Driving Wages Up for Restaurant and Hospitality Workers As the economy recovers from COVID-19 and pandemic-related restrictions are lifted, low-wage workers are increasingly finding jobs and getting pay increases. The U.S. Bureau of Labor...
Jul 5, 2021 | Banks & Credit Unions, Congressional Legislation, News
Rep. Maloney Introduces Overdraft Protection Act Representative Carolyn Maloney (D-N.Y.), a senior member of the House Financial Services Committee, recently reintroduced her Overdraft Protection Act, which would restrict the number of times banks can collect...
Jul 2, 2021 | Federal Regulation, News
CFPB Acting Director Uejio Nominated for HUD Assistant Secretary Last week, President Biden nominated acting director of the Consumer Financial Protection Bureau (CFPB) Dave Uejio to serve as an assistant secretary of the Department of Housing and Urban Development...