Poll Finds 15 Percent of Americans in Worse Financial Shape Than Before Pandemic
Poll Finds 15 Percent of Americans in Worse Financial Shape Than Before Pandemic A new poll from Impact Genome and The Associated Press (AP)-NORC Center for Public Affairs Research found that nearly 38 million Americans are struggling more today than they were before...
CFPB Proposes 60-Day Delay of Final Debt Collection Rules
CFPB Proposes 60-Day Delay of Final Debt Collection Rules Earlier this month, the Consumer Financial Protection Bureau (CFPB) proposed delaying the effective date of two debt collection rules issued under the Fair Debt Collection Practices Act (FDCPA). The rules are...
CEI Report: APR Calculations Are Misleading When Applied to Short-Term Loans
CEI Report: APR Calculations Are Misleading When Applied to Short-Term Loans Last week, a new Competitive Enterprise Institute (CEI) report criticized attempts to impose caps on short-term, small-dollar loans based on a hypothetical annual percentage rate (APR) that...
PNC Certified for New Account Aimed at Underbanked
PNC Certified for New Account Aimed at Underbanked Last month, PNC Financial Services Group became certified from the Cities for Financial Empowerment (CFE) Fund for a second bank account that limits fees, allowing underbanked consumers to maintain access to banking...
FDIC Launches Campaign Aimed at Persuading Unbanked to Get Accounts
FDIC Launches Campaign Aimed at Persuading Unbanked to Get Accounts The Federal Deposit Insurance Corporation (FDIC) recently launched a public awareness campaign highlighting the benefits of opening a bank account. The goal of the pilot campaign is to support...
CFPB Rescinds Seven Policy Statements Issued Last Year
CFPB Rescinds Seven Policy Statements Issued Last Year Last week, the Consumer Financial Protection Bureau (CFPB) announced its rescinding of seven policy statements issued in 2020 that provided temporary flexibility to financial institutions in markets such as...
Five Bank Regulators Seek Input on How Financial Institutions Use AI
Five Bank Regulators Seek Input on How Financial Institutions Use AI Last week, five federal financial regulatory agencies—the Federal Reserve Board, the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the National Credit...
Waters Releases April Hearing Schedule for House Financial Services Committee
Waters Releases April Hearing Schedule for House Financial Services Committee According to Congresswoman Maxine Waters (D-Calif.), Chairwoman of the House Committee on Financial Services (HFSC), the committee is currently slated to hold seven hearings over the month...
