Bipartisan Senate Coalition Urges VP to Ensure Coronavirus Resources for Tribes and Urban Native Communities
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...
Visa Proactively Sends Diversity and Inclusion Data to House Financial Services Committee
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...
New Survey Finds 54 Percent of Americans are Not Financially Prepared to Manage Contagious Disease Outbreak
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...
FDIC Announces Reduction in Workforce and Office Closures; HSFC Chairwoman Expresses Concerns
FDIC Announces Reduction in Workforce and Office Closures; HSFC Chairwoman Expresses Concerns Last Thursday, the Federal Deposit Insurance Corporation (FDIC) announced plans to downsize its workforce substantially, offering buyouts to roughly 20 percent of its...
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...
