Oct 5, 2017 | News
Earlier today the Consumer Financial Protection Bureau (CFPB) announced its long-awaited rule on “Payday, Vehicle Title, and Certain High-Cost Installment Loans.” The new rule, informally referred to as the Small Dollar Rule, is expected to take effect 21 months from...
Oct 3, 2017 | News
Rep. Carolyn Maloney (D- N) lamented this week that her proposed bill to reform bank overdraft fees will likely stall in the House as partisan politics continue to hamper Congress. In light of Congressional inaction, Rep. Maloney is encouraging the Consumer Financial...
Sep 29, 2017 | News
Projections based on recent and historical credit card trends by WalletHub, a credit monitoring service, found that Americans added $33 billion in credit card debt over the second quarter of 2017. By the end of the year, WalletHub projects an additional $60 billion in...
Sep 29, 2017 | News
Speaking to a fintech conference at the Federal Reserve Bank of Philadelphia earlier this week, Acting Comptroller of the Currency Keith Norieka informed attendees that the Consumer Financial Protection Bureau’s (CFPB) recently published arbitration rule would...
Sep 27, 2017 | News
A newly published survey by the Consumer Financial Protection Bureau (CFPB) finds that 43% of consumers struggle to pay bills each month. The study, titled “Financial Well-being in America,” is a survey of more than 6,000 people across the United States in an attempt...
Sep 27, 2017 | News
On the heels of news that Equifax, a credit bureau, had sensitive information for more than 143 million Americans stolen in a massive security breach, the Director of the Consumer Financial Protection Bureau (CFPB), Richard Cordray, announced the big 3 credit...
Sep 26, 2017 | News
The Federal Reserve’s Office of the Inspector General (OIG), which also oversees the Consumer Financial Protection Bureau (CFPB), published two separate reports late last week on the CFPB’s supervisory and enforcement divisions. The first report reviewed the Bureau’s...
Sep 22, 2017 | News
As many wait anxiously for the en banc D.C. Circuit Court to rule on the constitutionality of the agency, there is no shortage of highly-respected industry leaders, former government officials, current members of Congress, and interest groups weighing in on the...
Sep 20, 2017 | News
Staff for the House Financial Services (HFS) Committee released a report late Tuesday detailing the Consumer Financial Protection Bureau’s (CFPB) handling of the account scandal that left millions of Wells Fargo customers owing fees on checking and saving accounts...
Sep 20, 2017 | News
The Federal Reserve acts as the central bank for the United States, setting American monetary policy, promoting financial stable markets, supervising financial institutions, maintaining the safety and efficiency of American payment systems, and pursuing community... 
