Mar 5, 2021 | Federal Regulation, News
Senate Banking Committee Holds Confirmation Hearing for CFPB Nominee Rohit Chopra Earlier this week, the Senate Banking Committee held a confirmation hearing for two of President Biden’s nominees: Gary Gensler, nominated to lead the Securities and Exchange Commission,...
Mar 3, 2021 | Financial Literacy, FinTech, News
Experian Research Finds Consumers Embracing Digital Transactions Experian’s 2021 Global Insight Report revealed that 60 percent of consumers currently use a mobile wallet to make digital payments, and 38 percent of consumers anticipate increasing their online activity...
Mar 1, 2021 | Federal Regulation, News
CFPB Hiring Personnel in Anticipation of Enforcement Push The Consumer Financial Protection Bureau (CFPB) recently announced its plans to establish a new enforcement team in preparation of strengthening its oversight of banks, mortgage servicers, and other financial...
Feb 26, 2021 | Federal Regulation, News
Following Confirmation Hearing, Interior Secretary Nominee Deb Haaland Likely to be Confirmed In her confirmation hearing this week before the Senate Energy and Natural Resources Committee, President Biden’s Interior Secretary nominee Deb Haaland stressed her support...
Feb 24, 2021 | Federal Regulation, News, Tribal Sovereignty
Department of Interior to Hold Tribal Consultations in March The Department of the Interior recently announced its plans to hold consultations with tribal leaders in March to hear their suggestions for departmental actions and federal policy. The Indian Affairs’...
Feb 22, 2021 | Federal Regulation, News
Acting CFPB Director Outlines Vision for Division of Consumer Education and External Affairs Earlier this month, acting Director of the Consumer Financial Protection Bureau (CFPB) Dave Uejio met with the Division of Consumer Education and External Affairs (CEEA) to...
Feb 19, 2021 | Congressional Legislation, News
Sens. Schatz and Murkowski Become Chairman and Vice Chair of Senate Indian Affairs Committee Last week, U.S. Senators Brian Schatz (D-Hawaii) and Lisa Murkowski (R-Alaska) were unanimously elected as Chairman and Vice Chairman of the Senate Committee on Indian...
Feb 17, 2021 | Banks & Credit Unions, News
Big Banks in U.S. Reduce Lending Many of the biggest U.S. banks continue to reduce how much of their collective balance sheets is allocated towards loans, according to Federal Reserve data. The share of total assets devoted to loans across the country’s 25 largest...
Feb 15, 2021 | Banks & Credit Unions, News
Survey Finds 1.2 Million Borrowers Feared Mortgage Foreclosure in December A recent report from the Research Institute for Housing America (RIHA), backed by the Mortgage Bankers Association (MBA), showed that nearly 1.2 million borrowers feared they would be...
Feb 12, 2021 | Federal Regulation, News
CFPB Looks to Delay Implementation of Qualified Mortgage, Debt Collection Rules The Consumer Financial Protection Bureau (CFPB) is considering delaying implementation dates for the recent debt collection and Qualified Mortgage (QM) rules that have not yet gone into...
