Mar 19, 2021 | Congressional Legislation, News
House Financial Services Committee Ranking Member Introduces Protecting Consumer Access to Credit Act Earlier this month, Representative Patrick McHenry (R-N.C.), who serves as Ranking Member of the House Financial Services Committee (HFSC), once again introduced the...
Mar 17, 2021 | Federal Regulation, News
CFPB Rescinds Policy Statement Regarding Prohibition on Abusive Acts or Practices Last week, the Consumer Financial Protection Bureau (CFPB) rescinded its “Statement of Policy Regarding Prohibition on Abusive Acts or Practices,” originally issued in January 2020. The...
Mar 15, 2021 | Federal Regulation, FinTech, News
New FDIC CIO Sees Fintech as Path to Expand Banking The Federal Deposit Insurance Corp. (FDIC) recently named Sultan Meghji as its first chief innovation officer. Meghji co-founded the fintech company Neocova in 2016, and is now tasked with heading the FDIC’s efforts...
Mar 12, 2021 | Congressional Legislation, News
Senate Indian Affairs Committee Holds Hearing on Native Priorities for 117th Congress Recently, the United States Senate Committee on Indian Affairs held its first hearing of the 117th Congress, titled “A call to action: Native communities’ priorities in focus for the...
Mar 10, 2021 | Congressional Legislation, News, Tribal Sovereignty
Congress Sends $1.9 Trillion COVID Relief Package to President’s Desk This afternoon, Congress passed its $1.9 trillion COVID relief bill, which now heads to President Biden’s desk for his signature. That means millions of Americans will soon see $1,400 economic...
Mar 8, 2021 | Federal Regulation, FinTech, News
FDIC Names First-Ever Chief Innovation Officer Last month, the Federal Deposit Insurance Corporation (FDIC) named Sultan Meghji as the agency’s first Chief Innovation Officer. Meghji will lead the agency’s efforts to promote the usage of innovative technologies...
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...
