144 Current and Former Members File Amicus Brief Supporting CFPB in SCOTUS Case
144 Current and Former Members File Amicus Brief Supporting CFPB in SCOTUS Case Earlier this month, Congresswoman Maxine Waters (D-Calif.), top Democrat on the House Financial Services Committee (HFSC), and Senator Sherrod Brown (D-Ohio), Chairman of the Senate...
NY AG James Releases Draft Legislation to Regulate Crypto
NY AG James Releases Draft Legislation to Regulate Crypto New York Attorney General Letitia James, recently proposed a state law entitled The Crypto Regulation, Protection, Transparency, and Oversight (CRPTO) Act, which would require independent audits of crypto...
Senate Banking Committee Holds Cannabis Banking Hearing
Senate Banking Committee Holds Cannabis Banking Hearing Last week, the Senate Banking Committee held a hearing entitled “Examining Cannabis Banking Challenges of Small Businesses and Workers” to discuss cannabis banking issues, as well as bipartisan legislation aimed...
More than Half of Americans Could Not Cover a Surprise $400 Expense, New Survey Finds
More than Half of Americans Could Not Cover a Surprise $400 Expense, New Survey Finds A recent poll conducted by Morning Consult for Bloomberg News found that most Americans would not be able to cover a surprise $400 expense without going into debt. Roughly one-third...
Catawba Indian Nation Passes Banking Code to Attract Banks and Fintechs
Catawba Indian Nation Passes Banking Code to Attract Banks and Fintechs Last month, the Catawba Indian Nation in South Carolina passed a banking code to attract both traditional and new financial activity to its reservation. It is headed by the Catawba Digital...
Almost 3/4 of Millennials Living Paycheck to Paycheck, Report Finds
Almost 3/4 of Millennials Living Paycheck to Paycheck, Report Finds A new PYMNTS report in collaboration with LendingClub found that 73.2 percent of millennials, nearly three quarters, are living paycheck to paycheck, which is a significantly higher share than other...
FDIC and OCC Take Aim at Certain Overdraft Practices
FDIC and OCC Take Aim at Certain Overdraft Practices Last month, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp. (FDIC) warned financial institutions about overdraft practices that they consider unfair or deceptive, saying...
80 Million Consumers Lack Reliable Credit Access, Report Finds
80 Million Consumers Lack Reliable Credit Access, Report Finds A recent PYMNTS report in collaboration with Sezzle entitled “How Credit Insecurity Is Changing U.S. Consumers’ Borrowing Habits” found that 31 percent of U.S. consumers—nearly 80 million individuals—are...
