Jan 3, 2020 | Banks & Credit Unions, FinTech, News
TransUnion researchers analyzed macroeconomic conditions and their impact on credit cards, personal and auto loans, and mortgages to predict that 2020 will be a good year for consumer credit, with low delinquencies and strong growth for most sectors. This prediction...
Dec 31, 2019 | Congressional Legislation, News
Recently, Senate Banking Committee Chairman Mike Crapo (R-Idaho) announced his opposition to the Secure and Fair Enforcement (SAFE) Banking Act of 2019, which was introduced by Rep. Ed Perlmutter (D-Colo.) in March and passed the House of Representatives in September...
Dec 30, 2019 | Congressional Legislation, News
Earlier this month, Representative Maxine Waters (D-Calif.), Chairwoman of the House Financial Services Committee, sent a letter to Consumer Financial Protection Bureau (CFPB) Director Kathleen Kraninger accusing her of politicizing the Bureau. The letter came after...
Dec 27, 2019 | Litigation, News
On March 3, the U.S. Supreme Court will hear oral arguments in Seila Law v. Consumer Financial Protection Bureau, a landmark case that will determine whether the leadership structure of the CFPB is constitutional. Opponents of the Bureau have long argued that the...
Dec 26, 2019 | Congressional Legislation, News
Earlier this month, the House of Representatives passed S. 256, the Esther Martinez Native American Languages Programs Reauthorization Act, a bill that protects the survival and continuity of Native American languages by strongly funding them from fiscal year 2020...
Dec 24, 2019 | Financial Literacy, News
Last week, Experian released key findings from its annual State of Credit Report, which highlighted trends in credit and spending behaviors in advance of the new year. Included in these findings is that the average credit score for consumers reached an eight-year high...
Dec 23, 2019 | Congressional Legislation, News
After a long wait and intense speculation from the banking, cannabis, and other industries, Senate Banking Committee Chairman Mike Crapo last week announced his opposition to the House-passed SAFE Act, which would allow banks to serve cannabis businesses. With...
Dec 20, 2019 | Congressional Legislation, News
Earlier this month, United States Senator Elizabeth Warren (D-Mass.) and Representative Jesús “Chuy” García (D-Ill.) introduced the Bank Merger Review Modernization Act, which they say would restrict harmful consolidation in the banking industry and protect consumers...
Dec 19, 2019 | Federal Regulation, News
Last week, the U.S. Senate Committee on Banking, Housing, and Urban Affairs met for a hearing entitled “Oversight of the Securities and Exchange Commission” (SEC). The SEC’s mission is to maintain efficient markets, facilitate capital formation, and protect investors....
