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...
Acting Comptroller Brian Brooks Leaves OCC
Acting Comptroller Brian Brooks Leaves OCC Brian Brooks, who served as Acting Comptroller of the Currency since late May of last year, stepped down from his role atop the Office of the Comptroller of the Currency (OCC) last Friday. Following 12 USC 4, Chief Operating...
Biden Picks Rhode Island Governor Raimondo for Commerce Secretary
Biden Picks Rhode Island Governor Raimondo for Commerce Secretary President-elect Joe Biden recently chose Rhode Island Governor Gina Raimondo to serve as Secretary of Commerce in his Administration, set to take office next Wednesday. She was considered as Biden’s...
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...
