HFSC Chair Maxine Waters Launches Investigation Into Wells Fargo
HFSC Chair Maxine Waters Launches Investigation Into Wells Fargo In response to the ongoing issues concerning scandal-plagued Wells Fargo, the House Financial Services Committee (HFSC) recently announced the opening of an investigation into the company’s compliance...
CFPB to Host Consumer Access to Financial Records Symposium This Week
CFPB to Host Consumer Access to Financial Records Symposium This Week This week, the Consumer Financial Protection Bureau (CFPB) will host a symposium on Consumer Access to Financial Records. The symposium will also cover Section 1033 of the Dodd-Frank Act, which...
Senator Warren Urges Fed Chair to Not Weaken Bank Supervision Process
Senator Warren Urges Fed Chair to Not Weaken Bank Supervision Process Earlier this month, Senator Elizabeth Warren—who serves on the Senate Committee on Banking, Housing, and Urban Affairs—sent a letter to Federal Reserve Chairman Jerome Powell expressing her concerns...
Senators Introduce Legislation to Increase Tribal Broadband Access
Senators Introduce Legislation to Increase Tribal Broadband Access Last week, U.S. Senators Tom Udall (D-N.M.), Maria Cantwell (D-Wash.), and Martin Heinrich (D-N.M.) introduced the Bridging the Tribal Digital Divide Act of 2020, legislation that would help bring...
U.S. Household Debt Reaches New Record of More than $14 Trillion
U.S. Household Debt Reaches New Record of More than $14 Trillion According to the Federal Reserve Bank of New York, overall household debt rose to $14.15 trillion in 2019, setting a new record. Driven by an increase in mortgage loans and credit card debt, Americans...
Senator Udall Highlights Importance of Government-to-Government Relationships with Tribes
Senator Udall Highlights Importance of Government-to-Government Relationships with Tribes Earlier this month, Senate Committee on Indian Affairs Vice-Chairman Tom Udall (D-N.M.) addressed the National Congress of American Indians (NCAI) about his work to advance... Congresswomen Waters and Beatty Release HFSC Report On Diversity At America’s Large Banks
Congresswomen Waters and Beatty Release HFSC Report On Diversity At America’s Large Banks House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) and Congresswoman Joyce Beatty (D-Ohio), who chairs the Committee’s Subcommittee on Diversity and...
ABA and CUNA Issue Statements Advising Legislators That Interest Rate Caps Could Harm Consumers and Reduce Offerings
ABA and CUNA Issue Statements Advising Legislators That Interest Rate Caps Could Harm Consumers and Reduce Offerings Recently, the American Bankers Association (ABA) and the Credit Union National Association (CUNA) issued statements warning lawmakers of the potential...
