Mar 24, 2023 | Federal Regulation, Litigation, News
As SCOTUS Plans to Make Determination, Second Circuit Rules CFPB’s Funding is Constitutional Last week, a three-judge panel of the U.S. Court of Appeals for the Second Circuit ruled that the funding of the Consumer Financial Protection Bureau (CFPB) through the...
Mar 22, 2023 | Financial Literacy, News
Americans Preparing for a Recession are Increasing Savings and Cutting Spending A recent Morning Consult survey found that 41 percent of U.S. adults are actively preparing for an economic downturn by saving and decreasing spending. Many are prepping for a recession by...
Mar 22, 2023 | Financial Literacy
Important things to know about Estate Planning Estate planning sometimes has the misconception of only being necessary for those who are extremely wealthy. In fact, anyone who has assets, dependents, or an interest in how they are cared for should consider some form...
Mar 20, 2023 | Federal Regulation, News
CFPB Publishes Supervisory Highlights Report on Junk Fees Earlier this month, the Consumer Financial Protection Bureau (CFPB) released “Junk Fees Special Edition,” a Special Edition of its Supervisory Highlights report that discusses how the CFPB examines...
Mar 17, 2023 | Federal Regulation, News
President’s Budget Includes Billions for Tribal Governments Earlier this month, the Biden Administration released its FY2024 budget, which it said in a press release will “invest in America, lower costs and cut taxes for working families, and strengthen Medicare and...
Mar 15, 2023 | Congressional Legislation, News
House Financial Services Committee Holds Hearing on CFPB Reform At a hearing last week, the House Financial Services Committee (HFSC) discussed ways to either reform or defund the Consumer Financial Protection Bureau (CFPB) as Republicans continued to criticize the...
Mar 15, 2023 | Financial Literacy
Important things to know about Individual Retirement Plans Important things to know about Individual Retirement Plans Last week, we covered 401(k) plans, which are usually offered by your employer, but what if you are self-employed or earn income not under a specific...
Mar 13, 2023 | Congressional Legislation, Federal Regulation, News
Republican House Members Press Chopra on Credit Card Late Fees Proposal Last week, 17 Republican members of the House Financial Services Committee sent a letter to Rohit Chopra, Director of the Consumer Financial Protection Bureau (CFPB), concerning the CFPB’s credit...
Mar 10, 2023 | Federal Regulation, News
White House Pushes States to Join Crackdown on “Junk Fees” White House officials and Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra recently urged states to join their effort to crack down on “junk fees” that the officials say are...
Mar 8, 2023 | Financial Literacy
Important things to know about 401(k) Plans When thinking about and planning for retirement, one type of savings plan you might hear a lot about is a 401(k) plan. But what exactly is this plan and how does it work? 401(k) plans are one of the most used types of...
