CFPB Issues 2020 Financial Literacy Report
CFPB Issues 2020 Financial Literacy Report The Consumer Financial Protection Bureau (CFPB) recently issued its 2020 Financial Literacy Annual Report that highlights the Bureau’s activities and strategies to improve consumers’ financial literacy. Congress pushed the...
States Increase Minimum Wage in 2021
States Increase Minimum Wage in 2021 With the start of 2021, twenty states have increased their minimum hourly wage, which supporters say will aid in poverty reduction and offer essential pay increases for low-income, poverty workers. They will also help many...
Trade Groups Push to Prioritize Financial Services Workers in COVID Vaccinations
Trade Groups Push to Prioritize Financial Services Workers in COVID Vaccinations In a letter sent to the Centers for Disease Control and Prevention (CDC) earlier this week, the National Association of Federally-Insured Credit Unions (NAFCU) called for credit union and...
Warnock, Ossof Win in Georgia Runoff Elections, Handing Senate Control to Democrats
Warnock, Ossof Win in Georgia Runoff Elections, Handing Senate Control to Democrats Yesterday, Georgians went to the polls to cast their votes in two runoff elections that would determine the balance of power in the U.S. Senate. In both elections, the Democratic...
Sens. Brown, Warren, and Smith Press FDIC on Removal of “Underbanked” Language From Report
Sens. Brown, Warren, and Smith Press FDIC on Removal of “Underbanked” Language From Report U.S. Senators Sherrod Brown (D-Ohio), Elizabeth Warren (D-Mass.), and Tina Smith (D-Minn.) recently sent a letter to the Federal Deposit Insurance Corp. (FDIC) Chair Jelena...
CFPB Adds Deputy Chief of Staff and Assistant Director for Office of Innovation
CFPB Adds Deputy Chief of Staff and Assistant Director for Office of Innovation Earlier this month, the Consumer Financial Protection Bureau (CFPB) announced the addition of two new staff members: a Deputy Chief of Staff as well as an Assistant Director for the Office...
Brown Calls on Banks and Financial Regulators to Take Action on Climate Risks
Brown Calls on Banks and Financial Regulators to Take Action on Climate Risks United States Senator Sherrod Brown (D-Ohio) recently delivered a statement at an event titled “The Financial System & Climate Change: A Regulatory Imperative” at the Center for American...
Biden Adds Two to Economic Team
Biden Adds Two to Economic Team Last week, President-elect Joe Biden announced two new members of his White House economic team: David Kamin, who will serve as deputy director of the National Economic Council (NEC), and Bharat Ramamurti, who will be deputy NEC...
