Apr 22, 2020 | Congressional Legislation, News
House Financial Services and Oversight Committee Chairs Urge FDIC to Boost Crisis Readiness Policies Members of the House Financial Services and Oversight Committees recently wrote a letter to the FDIC seeking information on whether—and how—the agency is prepared to...
Apr 21, 2020 | Congressional Legislation, FinTech, News
Fintechs Approved to Make Small Business Loans Under Paycheck Protection Program After aggressive lobbying, three fintech companies ⎯ PayPal, Square Capital, and Intuit QuickBooks Capital ⎯ recently announced that they were authorized by the federal government to make...
Apr 20, 2020 | Financial Literacy, News
Experian’s Clarity Services Releases 2020 Alternative Financial Services Lending Trends Report Experian’s Clarity Services Inc., which specializes in alternative financial services data and solutions, recently released its 2020 Alternative Financial Services Lending...
Apr 16, 2020 | Federal Regulation, News
CFPB Issues Interpretive Rule to Allow Consumers to Receive Economic Impact Payments Quickly Via Prepaid Cards Earlier this week, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule paving the way for consumers to collect the pandemic-relief...
Apr 15, 2020 | Financial Literacy, News
Experian Releases New Research Insights on Consumer Sentiment During COVID-19 Outbreak Credit monitoring company Experian North America recently announced a new set of resources designed to enable essential businesses, such as healthcare providers, government...
Apr 14, 2020 | Congressional Legislation, News
Senators Brown and Hawley Urge Mnuchin to Ensure that Americans Receive Full Stimulus Payments United States Senators Sherrod Brown (D-Ohio) and Josh Hawley (R-Mo.) sent a letter to Treasury Secretary Steven Mnuchin to push for Americans to receive the full relief...
Apr 13, 2020 | Federal Regulation, News
Former CFPB Director Cordray Publishes White Paper Pushing Agency to Proactively Help Consumers During Pandemic Richard Cordray, who led the Consumer Financial Protection Bureau (CFPB) before leaving the agency to run for Ohio Governor in the 2018 election, recently...
Apr 10, 2020 | Congressional Legislation, Federal Regulation, News
Five Senate Banking Democrats Press CFPB to Provide Relief to Consumers Facing Financial Harm During COVID Crisis Earlier this week, in a letter to Consumer Financial Protection Bureau Director Kathleen Kraninger, Senate Banking Committee Ranking Member Sherrod Brown...
Apr 8, 2020 | Congressional Legislation, News
Senator Udall Provides Guidance for Tribes on Resources from CARES Act U.S. Senator Tom Udall, vice chairman of the Senate Committee on Indian Affairs, has issued guidance documents on the provisions for Tribes in the CARES Act. The third emergency COVID-19 package...
Apr 7, 2020 | Congressional Legislation, News
Senator Brown Pushes Digital Bank Accounts for Unbanked Households to Facilitate Coronavirus Relief In order to help non-banked consumers more easily access the coronavirus relief funds recently passed by Congress and signed into law, Senator Sherrod Brown (D-Ohio)...
