NYDFS Superintendent Wants to Take Leading Role on Setting Nationwide Regulatory Agenda, Starting with Crypto
NYDFS Superintendent Wants to Take Leading Role on Setting Nationwide Regulatory Agenda, Starting with Crypto Adrienne Harris, who was confirmed in January to be superintendent of the New York State Department of Financial Services (NYDFS), recently said in an...
FDIC Releases 2021 National Survey of Unbanked and Underbanked Households Results, Finding that Number of Banked Households Rose to Nearly 96 Percent
FDIC Releases 2021 National Survey of Unbanked and Underbanked Households Results, Finding that Number of Banked Households Rose to Nearly 96 Percent Earlier this week, the Federal Deposit Insurance Corporation (FDIC) released the results of its 2021 National Survey...
CFPB Report Details Impacts of Overdraft Fees on Economically Insecure Older Adults
CFPB Report Details Impacts of Overdraft Fees on Economically Insecure Older Adults The Consumer Financial Protection Bureau recently released a report highlighting how overdraft fees affect economically insecure older adults. Most financial institutions charge an...
JPMorgan and Citigroup Say Strict Capital Requirements May Limit Lending Abilities
JPMorgan and Citigroup Say Strict Capital Requirements May Limit Lending Abilities Some of the biggest U.S. banks recently said that higher capital requirements that were bolstered after the 2008 financial crisis could hurt their lending abilities and amplify a... Fifth Circuit Court of Appeals Finds CFPB Funding Mechanism is Unconstitutional
Fifth Circuit Court of Appeals Finds CFPB Funding Mechanism is Unconstitutional On Wednesday night, the Fifth Circuit Court of Appeals issued a long-awaited ruling which found that the independent funding mechanism Congress established to insulate the Bureau from...
BNPL Remains Absent from Most Consumers’ Credit Scores
BNPL Remains Absent from Most Consumers’ Credit Scores Experian, Equifax, and TransUnion have recently begun allowing buy now, pay later (BNPL) lenders to report their short-term payment plans for consumers’ credit scores, but many of the largest BNPL companies...
House Republicans Press Acting Comptroller on Bank-Fintech Partnerships
House Republicans Press Acting Comptroller on Bank-Fintech Partnerships Last week, House Financial Services Committee Ranking Member Patrick McHenry (R-N.C.) led a group of Republicans from the Committee’s Task Force on Financial Technology in a letter to acting...
State AGs Sue to Halt Cancellation of Student Loan Debt
State AGs Sue to Halt Cancellation of Student Loan Debt Last month, Attorneys General in several states filed a complaint against President Biden, Secretary of Education Miguel Cardona, and the U.S. Department of Education seeking to block the implementation of the...
