Aug 16, 2018 | Federal Regulation, News
← Previous Article Next Article → Yesterday, every Democratic member of the U.S. Senate signed a letter led by Sens. Jack Reed (D-R.I.), who serves as Ranking Member of the Armed Services Committee; Sherrod Brown (D-Ohio), who serves as Ranking Member of the...
Aug 14, 2018 | Federal Regulation, News
← Previous Article Next Article → In a column published last week in American Banker, John Ryan, president and CEO of the Conference of State Bank Supervisors (CSBS), blasted the Office of Comptroller of the Currency’s decision to accept applications for...
Aug 14, 2018 | FinTech, News
← Previous Article Next Article → A growing trend so far this year is the rise of financial technology startups that are beginning to offer credit card products to customers with poor credit histories, according to an article in the Wall Street Journal. This...
Aug 8, 2018 | Banks & Credit Unions, News
← Previous Article Next Article → Last October, when the agency was still helmed by former Director Richard Cordray, the Consumer Financial Protection Bureau finalized a rule that required lenders to determine up front whether people can afford to repay...
Aug 2, 2018 | Banks & Credit Unions, News
← Previous Article Next Article → The Senate Banking Committee has postponed its vote, scheduled for today, on whether to approve Kathy Kranger’s nomination to head the CFPB and advance it to the full Senate for final confirmation. Kraninger was nominated in...
Aug 1, 2018 | Banks & Credit Unions, Federal Regulation, News
← Previous Article Next Article → Yesterday, the Office of the Comptroller of the Currency (OCC) announced that it will begin accepting applications for national bank charters from nondepository financial technology companies engaged in banking businesses....
Jul 31, 2018 | FinTech, News
← Previous Article Next Article → Today, the U.S. Department of the Treasury released a report to the President titled A Financial System that Creates Economic Opportunities: Nonbank Financials, Fintech, and Innovation. The report is Treasury’s fourth report...
