Aug 17, 2020 | Federal Regulation, Financial Literacy, News
CFPB Requests Information on How to Prevent Credit Discrimination Last month, the Consumer Financial Protection Bureau (CFPB) requested public input on the best ways to build a regulatory environment that expands consumer credit access and ensures that consumers are...
Aug 14, 2020 | Congressional Legislation, News
Financial Services Industry Fears Slashing Unemployment Aid Will Lead to Loan Defaults With further COVID-19 relief legislation in limbo due to a stalemate in Congress, many Americans who have been unemployed as a result of the global pandemic are now seeing a lapse...
Aug 12, 2020 | Federal Regulation, News
Kraninger Open to Congressional Proposals to Restructure CFPB Leadership Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger recently stated that she is open to changes regarding the Bureau’s leadership structure. Her comments at a hearing before the...
Aug 10, 2020 | Financial Literacy, News
Experian Introduces Video Streaming Payment History Option to Improve Credit Scores Last month, Experian announced that consumers can add video streaming payment history to their credit reports through Experian Boost, Experian’s consumer credit product that launched...
Aug 7, 2020 | Congressional Legislation, News
Senate Indian Affairs Committee Advances 11 Bills Last week, the Senate Committee on Indian Affairs passed eleven bills at its business meeting. Senator John Hoeven (R-N.D.), Chairman of the Committee, made remarks after the meeting, praising the committee for its...
Aug 5, 2020 | Congressional Legislation, Federal Regulation, News
Kraninger Appears Before House Financial Services and Senate Banking Committees Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger appeared before both chambers of Congress last week in a pair of hearings on the CFPB’s Semi-Annual Report to Congress....
Aug 3, 2020 | Congressional Legislation, News
Senate Passes Bill to Prevent Garnishment of Relief Payments by Private Debt Collectors Recently, the U.S. Senate passed a bipartisan bill to protect recovery payments supplied by the CARES Act from being garnished by private debt collectors. The bill was introduced...
Jul 31, 2020 | Banks & Credit Unions, Federal Regulation, News
Biden Proposes Public Credit Reporting Agency in Policy Plan In a recent plan outlining the presumptive Democratic presidential nominee’s housing policies, Joe Biden has proposed creating a public credit reporting agency within the Consumer Financial Protection...
Jul 27, 2020 | Federal Regulation, News
Dodd-Frank Act Turns Ten Last week, on the 10th anniversary of the Dodd-Frank Act being signed into law, its major supporters praised its survival despite years of opposition. The legislation’s authors, former Senator Chris Dodd (D-Conn.) and former Representative...
