U.S. Banks Limit Travel in Response to Coronavirus
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...
Banks Closed More Branches Than Were Opened in 2019
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...
CFPB Denies Habematolel Pomo of Upper Lake Petition to Dismiss Civil Investigative Demands
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...
Survey Finds that More Than Half of Consumers Would Prefer Fintechs over Traditional Banks
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...
Warren Presses Banks on Coronavirus Preparation
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...
House Financial Services Passes Seven Bills on Housing and Capital Markets
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...
CFPB Launches Site Encouraging Consumers to Build Savings with Tax Refunds
CFPB Launches Site Encouraging Consumers to Build Savings with Tax Refunds In a new webpage launched last week, the Consumer Financial Protection Bureau (CFPB) is highlighting resources aimed at helping consumers build savings with their tax refunds. Featuring video...
DOJ Backs CFPB in SCOTUS Brief
DOJ Backs CFPB in SCOTUS Brief Next week, the U.S. Supreme Court will hear arguments in the long-awaited Seila Law case about the constitutionality of the Consumer Financial Protection Bureau (CFPB)’s leadership structure. While the Trump administration has argued...
