Reshaped Supreme Court Could Aim at Regulatory Power
Reshaped Supreme Court Could Aim at Regulatory Power After the death of Justice Ruth Bader Ginsburg last month and the subsequent nomination of Judge Amy Coney Barrett to replace her on the Supreme Court, many expect the reshaped, conservative-dominated Court to be...
Fed Consumer Finance Survey Shows Increased Online Banking Usage and Higher Debt Burdens
Fed Consumer Finance Survey Shows Increased Online Banking Usage and Higher Debt Burdens The Federal Reserve’s most recent Survey of Consumer Finances showed an increased engagement in online banking, an attempt to grow savings, and a higher debt burden held by...
Experian Report Shows Lenders Believe Alternative Credit Data Improves Financial Access for Consumers
Experian Report Shows Lenders Believe Alternative Credit Data Improves Financial Access for Consumers Last month, Experian released its most recent State of Alternative Data report, highlighting lender and consumer awareness about leveraging alternative credit data in...
CFPB Issues Report on Perceived Financial Preparedness, Security, and Saving
CFPB Issues Report on Perceived Financial Preparedness, Security, and Saving A recent report from the Consumer Financial Protection Bureau (CFPB) examines the relationship between saving money and more objective measures of consumers’ financial situations, like...
House Passes Ten Bipartisan Financial Services Bills
House Passes Ten Bipartisan Financial Services Bills The United States House of Representatives recently passed ten financial services bills, including legislation to protect consumers and investors from pandemic-related fraud, develop more flexible CARES Act funding,...
Boston Fed Chief Warns of U.S. Credit Tightening, Calls for More Fiscal Relief
Boston Fed Chief Warns of U.S. Credit Tightening, Calls for More Fiscal Relief The United States economy could encounter more business bankruptcies and foreclosures in the coming months if there is an increase in COVID-19 cases and no additional fiscal aid, according...
U.S. Consumer Spending Seems to Decline in August as Extended Unemployment Lapses
U.S. Consumer Spending Seems to Decline in August as Extended Unemployment Lapses American consumer spending was found to decline in August, likely due to the lapse of extended unemployment benefits to millions of Americans at the end of July. The data, released by...
Senators Gillibrand and Sanders Reintroduce Postal Banking Act
Senators Gillibrand and Sanders Reintroduce Postal Banking Act Last week, U.S. Senators Kirsten Gillibrand (D-N.Y.) and Bernie Sanders (D-Vt.) hosted a Facebook Live conversation where the two legislators announced their reintroduction of the Postal Banking Act,... 