Mar 26, 2020 | Banks & Credit Unions, Federal Regulation, News
Five Federal Agencies Encourage Financial Institutions to Offer Responsible Small Dollar Loans to Consumers and Small Businesses Affected by COVID-19 In a joint statement issued earlier today, the Federal Reserve Board of Governors, Federal Deposit Insurance...
Mar 24, 2020 | Financial Literacy
Experian North America Releases 2019 Inclusion and Diversity Report Credit monitoring company Experian North America recently released its third annual inclusion and diversity report to provide data on how they are focused on creating an inclusive workplace. The 2019...
Mar 23, 2020 | Federal Regulation, Financial Literacy, News
CFPB Urges Consumers to Protect Themselves from Coronavirus Financial Impact As part of its efforts to assist consumers with the rapidly-changing effects of the coronavirus (COVID-19) on the United States, the Consumer Financial Protection Bureau (CFPB) recently...
Mar 19, 2020 | Congressional Legislation, News
Chairwoman Waters Presses Financial Institutions to Protect Americans and Financial System from COVID-19 Impact Last week, Congresswoman Maxine Waters (D-Calif.), Chairwoman of the House Financial Services Committee, led colleagues on the committee in sending six...
Mar 18, 2020 | Congressional Legislation, News
Bipartisan Senate Coalition Urges VP to Ensure Coronavirus Resources for Tribes and Urban Native Communities Earlier this month, U.S. Senator Tom Udall (D-N.M.) led a bipartisan coalition of his Senate colleagues on a letter to Vice President Mike Pence, urging the...
Mar 17, 2020 | Congressional Legislation, News
Visa Proactively Sends Diversity and Inclusion Data to House Financial Services Committee Last month, the House Financial Services Committee (HFSC) published a report on diversity and inclusion covering banks with more than $50 billion in assets. It resulted from a...
Mar 16, 2020 | Financial Literacy, News
New Survey Finds 54 Percent of Americans are Not Financially Prepared to Manage Contagious Disease Outbreak According to a recent survey conducted by Morning Consult on behalf of Prudential Financial, 54 percent of Americans say that they are not financially prepared...
Mar 11, 2020 | Banks & Credit Unions, News
U.S. Banks Limit Travel in Response to Coronavirus Many large U.S. banks have strengthened their employee travel restrictions due to the evolving Coronavirus situation unfolding across the globe. Most have limited non-essential trips and are now requiring approval...
Mar 10, 2020 | Banks & Credit Unions, News
Banks Closed More Branches Than Were Opened in 2019 Last year, according to the Branch Banking 2020 Research Report released by JLL, banks closed 3,164 branches in the United States, 56 percent of which were by the 25 largest banks in America. Meanwhile, 1,481...
