Jul 18, 2019 | Federal Regulation, Financial Literacy, News
← Previous Article Next Article → On July 17, the Consumer Financial Protection Bureau (CFPB) updated a 2016 Advisory and Recommendations report that guides financial institutions on how to best respond to elder abuse. The new Advisory includes an updated...
Jul 16, 2019 | Federal Regulation, News
← Previous Article Next Article → Eric S. Rosengren, President and Chief Executive Officer of the Federal Reserve Bank of Boston, recently discussed the current state of the U.S. financial system, arguing that although there is stability, federal regulators...
Jul 10, 2019 | Federal Regulation, News
← Previous Article Next Article → Earlier this week, the Consumer Financial Protection Bureau (CFPB) settled a lawsuit against Freedom Debt Relief, the country’s largest debt-settlement services provider. According to the settlement, the company must pay $20...
Jul 10, 2019 | Federal Regulation, News
← Previous Article Next Article → The Federal Deposit Insurance Corporation (FDIC) recently released a list of enforcement actions taken during the month of March, one of which includes its first enforcement decision and order against a bank for violating...
Jul 9, 2019 | Congressional Legislation, News
← Previous Article Next Article → On Thursday, July 11, the House Financial Services Committee will consider several legislative bills that would modify certain aspects of credit reports, including the proper use of alternative data and the length of time...
Jul 8, 2019 | Banks & Credit Unions, FinTech, News
← Previous Article Next Article → Over the last two years, banks have increased their lending to nondepository financial institutions, many of which are fintech firms, by 23 percent, according to data compiled by FedFis. In comparison, commercial and credit...
Jul 5, 2019 | Federal Regulation
← Previous Article Next Article → Twenty-five state attorneys general (AGs) sent a letter to Kathy Kraninger, director of the Consumer Financial Protection Bureau (CFPB), urging the CFPB to not weaken or rescind the overdraft rule. “We are aware of no...
Jul 5, 2019 | Congressional Legislation, FinTech
← Previous Article Next Article → Several House Democrats, led by Maxine Waters, chair of the House Financial Services Committee, sent a letter to Facebook executives urging them to halt plans for a new digital currency called the Libra.“We write to request...
