Senate Banking Committee Ranking Member Tim Scott Exploring Presidential Run
Senate Banking Committee Ranking Member Tim Scott Exploring Presidential Run Senator Tim Scott (R-S.C.) recently announced a presidential exploratory committee, which has been the clearest sign of his intentions to run for the Republican nomination in 2024. An...
More Than Half of Workforce Likely to Look for New Job Within the Next Year
More Than Half of Workforce Likely to Look for New Job Within the Next Year A new report from Bankrate found that 56 percent of U.S. adults who are employed or seeking a new job are likely going to look for a new job over the next year, which is up from 51 percent who...
Governments Around the World Exploring BNPL Regulation
Governments Around the World Exploring BNPL Regulation Governments around the world have started considering regulations to apply many existing credit laws to the buy now, pay later (BNPL) market. Since the BNPL market began, it has been mostly free from government...
CFPB Releases Policy Statement on Abusive Acts or Practices
CFPB Releases Policy Statement on Abusive Acts or Practices Last week, the Consumer Financial Protection Bureau (CFPB) issued a policy statement reminding lenders of its prohibition against abusive acts and practices in the consumer financial market, which was created...
New Study Finds Most Savers Earning Below 3% Despite Better Options
New Study Finds Most Savers Earning Below 3% Despite Better Options A new Bankrate report found that only 22 percent of savers are earning at least 3 percent or more on their accounts, while 75 percent of online accounts offer an annual percentage yield (APY) higher...
CFPB Finalizes Rule on Small Business Lending Data
CFPB Finalizes Rule on Small Business Lending Data Last week, the Consumer Financial Protection Bureau (CFPB) finalized a rule that they say will increase transparency with small business lending, fight against unlawful discrimination, and promote economic...
OCC Establishes Office of Financial Technology, Appoints Chief Financial Technology Officer
OCC Establishes Office of Financial Technology, Appoints Chief Financial Technology Officer The Office of the Comptroller of the Currency (OCC) recently announced the establishment of the Office of Financial Technology, as well as the selection of Prashant Bhardwaj as...
LexisNexis Survey of Bank Decision Makers Finds Majority of Respondents Use Alternative Credit Data for New Applicants
LexisNexis Survey of Bank Decision Makers Finds Majority of Respondents Use Alternative Credit Data for New Applicants A recent LexisNexis Risk Solutions survey of nearly 225 senior decision makers for lending, marketing, and credit risk found that 65 percent of...
