New Calif. Consumer Protection Agency Strikes Data Sharing Deal with Fintechs
New Calif. Consumer Protection Agency Strikes Data Sharing Deal with Fintechs At the end of January, the California Department of Financial Protection and Innovation (DFPI) signed an agreement with five fintech companies to better evaluate the risks and benefits of...
Two Democrats, Three Republicans Join Senate Banking Committee for 117th Congress
Two Democrats, Three Republicans Join Senate Banking Committee for 117th Congress The Senate Banking Committee began the 117th Congress with the addition of five new members, including two Democrats and three Republicans. With the change in control of the chamber,...
Mika Leonard in the Detroit News: Give Native Americans Voice in Federal Financial Regulations
Mika Leonard in the Detroit News: Give Native Americans Voice in Federal Financial Regulations The below opinion column from NAFSA Chief Operations Officer Mika Leonard originally appeared in the Detroit News. On Jan. 26, the Biden administration tackled inequality...
CFPB Acting Director Outlines Priorities
CFPB Acting Director Outlines Priorities Last week, Acting Consumer Financial Protection Bureau (CFPB) Director Dave Uejio sent a message to his staff—subsequently posted to the Bureau’s website—outlining his priorities for the agency. They include penalizing mortgage...
Waters Announces Financial Services Subcommittee Chairs
Waters Announces Financial Services Subcommittee Chairs Last week, Congresswoman Maxine Waters (D-Calif.), Chairwoman of the House Financial Services Committee (HFSC), announced the HFSC Subcommittee Chairs. She reshuffled some assignments and added two new...
Biden Signs Memo Bolstering Tribal Consultation
Biden Signs Memo Bolstering Tribal Consultation Last week, President Biden signed a Memorandum on Tribal Consultation and Strengthening Nation-to-Nation Relationships, reaffirming the policies announced in Executive Order 13175 and directing every federal agency to...
Walmart to Launch Fintech Startup
Walmart to Launch Fintech Startup Earlier this month, retail giant Walmart announced a strategic partnership with Ribbit Capital to create a fintech startup aimed at expanding Walmart’s financial services offerings for customers and employees. The fintech startup will...
Yellen Confirmed as Treasury Secretary
Yellen Confirmed as Treasury Secretary Yesterday, the U.S. Senate confirmed Janet Yellen’s nomination by a vote of 84-15, making her the first woman Treasury secretary in the Department’s 232-year history. Yellen, one of Biden’s first Cabinet-level nominations, is an...
