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...
OCC Finalizes Fair Access Rule As One of Final Moves Before Biden Administration Assumes Office
OCC Finalizes Fair Access Rule As One of Final Moves Before Biden Administration Assumes Office As one of its last moves before the Biden administration assumed office, the Office of the Comptroller of the Currency (OCC) finalized a rule to ensure fair access to...
Incoming Senate Banking Chairman Lays Out Priorities, Including Focus on Housing
Incoming Senate Banking Chairman Lays Out Priorities, Including Focus on Housing United States Senator Sherrod Brown (D-Ohio), who will become Chairman of the Senate Committee on Banking, Housing and Urban Affairs after the Senate flipped to Democratic control,...
Biden Nominates Rohit Chopra to Lead CFPB; Dave Uejio Named as Acting Director as Kraninger Resigns
Biden Nominates Rohit Chopra to Lead CFPB; Dave Uejio Named as Acting Director as Kraninger Resigns As he continues to fill key roles in his administration, President Joe Biden has nominated Rohit Chopra, currently a member of the Federal Trade Commission, to be the... 