OCC Outlines Climate Risk Standards for Big Banks

OCC Outlines Climate Risk Standards for Big Banks

OCC Outlines Climate Risk Standards for Big Banks Earlier this month, the Office of the Comptroller of the Currency (OCC) requested public feedback on draft supervisory principles designed to support the identification and assessment of climate-related financial risks...
CFPB Opens Inquiry Into BNPL

CFPB Opens Inquiry Into BNPL

CFPB Opens Inquiry Into BNPL The Consumer Financial Protection Bureau (CFPB) recently issued a series of orders to assess the risks and benefits of “buy now, pay later” (BNPL) credit to five major companies offering the service: Affirm, Afterpay, Klarna, PayPal, and...
Chopra Invites State AGs to Team Up

Chopra Invites State AGs to Team Up

Chopra Invites State AGs to Team Up At a recent meeting of the National Association of Attorneys General, CFPB Director Rohit Chopra urged state Attorneys General (AGs) to collaborate with the CFPB on enforcement actions or to bring their own under federal law. “State...
Fintechs Are Among Fastest Growing Brands in 2021

Fintechs Are Among Fastest Growing Brands in 2021

Fintechs Are Among Fastest Growing Brands in 2021 A quarter of the spots on Morning Consult’s 2021 Fastest Growing Brands list were held by fintechs, a testament to consumers’ increased digital adoption throughout the COVID-19 pandemic and the investment environment...
OCC Outlines Climate Risk Standards for Big Banks

Omarova Withdraws OCC Nomination

Omarova Withdraws OCC Nomination More than two months after President Biden nominated Cornell University law professor Saule Omarova to lead the Office of the Comptroller of the Currency (OCC), Omarova withdrew her nomination this week after facing resistance from...

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