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...
Mar 9, 2020 | Federal Regulation, News, Tribal Sovereignty
CFPB Denies Habematolel Pomo of Upper Lake Petition to Dismiss Civil Investigative Demands Last month, the Consumer Financial Protection Bureau (CFPB) denied a petition filed by companies owned by the Habematolel Pomo of Upper Lake Indian Tribe seeking to set aside...
Mar 6, 2020 | Banks & Credit Unions, FinTech, News
Survey Finds that More Than Half of Consumers Would Prefer Fintechs over Traditional Banks Ondot Systems, a California-based fintech company, recently released findings from a Harris Poll survey indicating that consumers are increasingly willing to try fintech...
Mar 5, 2020 | Congressional Legislation, News
Warren Presses Banks on Coronavirus Preparation Last week, Senator Elizabeth Warren (D-Mass.) sent letters to the CEOs of five U.S.-based banks with foreign exposures, pressing them for their plans on how they are monitoring the economic risks of the coronavirus...
Mar 3, 2020 | Congressional Legislation, News
House Financial Services Passes Seven Bills on Housing and Capital Markets Last week, the House Financial Services Committee (HFSC) passed several bills, mainly concerning housing and capital markets. Included in the Committee actions were three bills passed on...
