Jul 16, 2025 | Federal Regulation, News
Senate Confirms Jonathan Gould as Comptroller of the Currency Last week, the U.S. Senate confirmed Jonathan Gould to serve as Comptroller of the Currency by a vote of 50-45. Gould served as chief counsel and senior deputy comptroller of the Office of the Comptroller...
Jul 10, 2025 | Financial Literacy, News
Credit Cards, Credit Reporting Disputes Lead FDIC Consumer Complaints According to the FDIC’s Consumer Compliance Supervisory Highlights, the agency processed a surge in consumer complaints last year led by credit cards as the most frequently cited product and credit...
Jul 8, 2025 | Congressional Legislation, Federal Regulation, News
Congress Passes and President Signs Bill Slashing CFPB Budget Last week, Congress passed and President Trump signed the “Big, Beautiful Bill,” the tax and budget package that the legislative branch has been debating for months. One provision of the bill cuts funding...
Jul 2, 2025 | Congressional Legislation, News
Alaska Governor Vetoes Rate Cap Bill Alaska Governor Mike Dunleavy has vetoed a bill that would have capped interest rates for consumer loans up to $25,000 at 36 percent, which opponents of the legislation say would have drastically limited credit access in the state....
Jun 26, 2025 | FinTech, News
FICO Announces Plans to Include BNPL Data in Credit Scores FICO recently announced two credit scores that will include consumers’ record of buy now, pay later (BNPL) loans, both of which will launch in the fall. FICO Score 10 BNPL and FICO Score 10 T BNPL are meant to...
Jun 24, 2025 | Congressional Legislation, Federal Regulation, News
Senate Parliamentarian Says Budget Bill Can’t Cut CFPB Funding As Congress continues to hammer out the details of the tax and spending package passed by the House in May, Senate Parliamentarian Elizabeth MacDonough recently ruled that the Republicans’ attempt to...
Jun 18, 2025 | Federal Regulation, News
CFPB’s Top Enforcement Official Resigns Last week, CFPB acting head of enforcement Cara Petersen turned in her resignation after sending an email to colleagues criticizing the Trump administration’s efforts to dismantle the agency. Petersen served at the Bureau...
Jun 12, 2025 | Financial Literacy, News
New Report Finds Consumer Credit Usage Surged in April The most recent consumer credit data from the Federal Reserve indicated that consumers turned to credit to pay for goods and services at a significantly elevated rate in April. The aggregate tally of consumer...
Jun 10, 2025 | Federal Regulation, News
Senate Confirms Michelle Bowman as Federal Reserve Vice Chair for Supervision Last week, the U.S. Senate confirmed Federal Reserve Governor Michelle Bowman to serve as the Fed’s Vice Chair for Supervision by a narrow vote of 48-46. Bowman has served as a governor on...
Jun 4, 2025 | Federal Regulation, News
Baltimore Drops CFPB Funding Lawsuit Last week, the city of Baltimore voluntarily dropped its lawsuit challenging the Trump administration’s efforts to defund the Consumer Financial Protection Bureau (CFPB). The city is represented by Democracy Forward, a left leaning...
