Dec 28, 2020 | Federal Regulation, News
Biden Adds Two to Economic Team Last week, President-elect Joe Biden announced two new members of his White House economic team: David Kamin, who will serve as deputy director of the National Economic Council (NEC), and Bharat Ramamurti, who will be deputy NEC...
Dec 24, 2020 | Banks & Credit Unions, FinTech, News
FDIC Approves ILC Rule, Clearing Way for Corporations to Become Lenders Earlier this month, the Federal Deposit Insurance Corp. (FDIC) approved a final rule allowing major non-bank businesses to seek banking charters and begin lending to consumers as so-called...
Dec 23, 2020 | Congressional Legislation, News
Congress Passes New COVID Relief Bill After months of deliberation and negotiation, Congress approved a $900 billion economic recovery package earlier this week to help Americans mitigate economic impacts resulting from the COVID-19 pandemic. Since its passage,...
Dec 21, 2020 | Federal Regulation, News
Biden Picks Haaland for Secretary of Interior; Will Become First Native American Cabinet Official Earlier this month, President-elect Joe Biden chose representative Deb Haaland (D-N.M.) to lead the Department of the Interior. If confirmed by the Senate, Haaland would...
Dec 18, 2020 | Federal Regulation, News
Nevada Financial Regulators Move Forward With Database for Short-Term Lenders Members of Nevada’s Financial Institutions Division recently approved draft regulations clarifying details of a statewide database for short-term, high interest payday loans. The regulations...
Dec 16, 2020 | Federal Regulation, Financial Literacy, News
CFPB Quarterly Trends Report Explores Prevalence of Payment Information in Consumer Credit Reporting Last month, the Consumer Financial Protection Bureau (CFPB) released its most recent consumer credit trends report, examining the rates of actual payment information...
