Dec 30, 2022 | Banks & Credit Unions, FinTech, News
Survey: Most Americans Think Crypto and Fintech Companies Aren’t Held to Same Regulatory Standards as Banks A recent Consumer Bankers Association (CBA) survey found that nearly 90 percent of Americans are concerned that crypto and fintech companies are not held...
Dec 28, 2022 | FinTech, News
Sources Say Walmart Plans to Offer BNPL Loans Through Its Fintech Venture Walmart is planning to launch buy now, pay later (BNPL) loans through its majority-owned fintech venture as early as next year, according to three people familiar with the matter. The service...
Dec 26, 2022 | Congressional Legislation, News
Toomey Proposes Legislation to Change CFPB’s Leadership Structure to Bipartisan Board Just a few weeks before he is set to leave office, Senator Pat Toomey (R-Pa.), ranking member of the Senate Banking Committee, alongside Senator Bill Hagerty (R-Tenn.), introduced...
Dec 23, 2022 | Federal Regulation, News
Senate Confirms Gruenberg, FDIC Nominees On Monday, the U.S. Senate confirmed Martin Gruenberg to be chairman of the Federal Deposit Insurance Corporation (FDIC), Travis Hill as vice chair, and Jonathan McKernan to the remaining seat. Gruenberg, who has served as...
Dec 21, 2022 | Congressional Legislation, Federal Regulation, News
Republicans Blast CFPB Director in Preview of Next Congress During a contentious hearing last week in which Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra testified before the House Financial Services Committee at a hearing entitled “Consumers...
Dec 19, 2022 | Congressional Legislation, News
Brown, Democratic Senators Introduce Legislation on Industrial Loan Companies Earlier this month, Senator Sherrod Brown (D-Ohio), Chair of the Senate Committee on Banking, Housing, and Urban Affairs was joined by two of his Senate colleagues in introducing the Close...
Dec 16, 2022 | Federal Regulation, News
CFPB Proposes Online Registry of Nonbank Repeat Offenders The Consumer Financial Protection Bureau (CFPB) on Monday proposed requiring certain nonbank financial firms to register with the agency when they become subject to certain local, state, or federal agency court...
Dec 14, 2022 | FinTech, News
Nearly Half of Fintech Lenders Now See Regulatory Challenges as Top Concern A recent survey of 100 fintech industry leaders found that 32 percent of respondents viewed regulatory challenges as the main threat to their businesses in the first quarter of 2022. For data...
Dec 12, 2022 | Congressional Legislation, News
McHenry Officially Selected to Chair House Financial Services Committee Next Congress While widely expected to take the gavel of the House Financial Services committee if Republicans won control of Congress in the midterms, Representative Patrick McHenry (R-N.C.) last...
Dec 9, 2022 | Financial Literacy, News
Consumer Demand for Credit Cards On the Rise Recent research from the New York Fed shows that U.S. consumers continually sought out more credit cards this year with a 27.1 percent credit card application rate for October, up from a 26.5 percent rate the year before....
