Biden Administration Taps Former CFPB Director Richard Cordray to Oversee Federal Student Loans
Biden Administration Taps Former CFPB Director Richard Cordray to Oversee Federal Student Loans The Biden administration recently appointed former director of the Consumer Financial Protection Bureau (CFPB) Richard Cordray to lead the Education Department’s Office of...
NAFSA Sends Letter to Senate Leaders Expressing Support for OCC’s True Lender Rule
NAFSA Sends Letter to Senate Leaders Expressing Support for OCC’s True Lender Rule As the U.S. Senate prepares to consider a resolution introduced by Senators Chris Van Hollen (D-Md.) and Sherrod Brown (D-Ohio) that would overturn the Office of the Comptroller of the...
COVID-19 Checks Likely Drove Record Rise in Household Income
COVID-19 Checks Likely Drove Record Rise in Household Income In March 2021, household income rose at a record pace of 21.1 percent, the largest monthly increase since 1959. This is largely due to the federal stimulus payments amidst the COVID-19 pandemic, which...
Treasury Secretary Yellen Names Michael Hsu to Be Acting OCC Head
Treasury Secretary Yellen Names Michael Hsu to Be Acting OCC Head Treasury Secretary Janet Yellen has named Michael Hsu, a Federal Reserve official, to serve as the acting head of the Office of the Comptroller of the Currency (OCC). The OCC is an independent agency in...
CFPB Report Details Changes in Consumer Financial Status During Early Months of Pandemic
CFPB Report Details Changes in Consumer Financial Status During Early Months of Pandemic A new report in the Consumer Financial Protection Bureau’s (CFPB) Making Ends Meet survey series presents results from the Bureau’s study of COVID-19’s early impact on consumers’...
House Financial Services Committee Reauthorizes Task Forces on Financial Technology and Artificial Intelligence
House Financial Services Committee Reauthorizes Task Forces on Financial Technology and Artificial Intelligence Congresswoman Maxine Waters (D-Calif.), Chairwoman of the House Financial Services Committee, recently announced the reauthorization of the Committee’s...
Biden Administration Relaunches White House Council on Native American Affairs
Biden Administration Relaunches White House Council on Native American Affairs Last week, Secretary of the Interior Deb Haaland and Domestic Policy Advisor Susan Rice convened the first White House Council on Native American Affairs (WHCNAA) meeting of the Biden...
House Passes SAFE Banking Act, Which Includes Provisions to Stop ‘Operation Choke Point’
House Passes SAFE Banking Act, Which Includes Provisions to Stop ‘Operation Choke Point’ , Last week, the U.S. House of Representatives passed the SAFE Banking Act, legislation that would allow banks and other financial institutions to serve cannabis companies in...
