NY Dept of Financial Services Aims to Increase Financial Regulatory Activities as Many Expect Rollbacks Once Trump Returns to Office
NY Dept of Financial Services Aims to Increase Financial Regulatory Activities as Many Expect Rollbacks Once Trump Returns to Office The New York Department of Financial Services (NYDFS) plans to place more scrutiny on banks, insurers, and cryptocurrency companies as...
44% of Americans Believe Finances Will Improve Next Year, Survey Finds
44% of Americans Believe Finances Will Improve Next Year, Survey Finds Bankrate’s most recent Financial Outlook Survey found that 44 percent of Americans think their finances will improve in 2025, compared to 37 percent from the 2023 survey who said they believed...
CFPB Rule Limits Overdraft Fees to $5
CFPB Rule Limits Overdraft Fees to $5 The Consumer Financial Protection Bureau (CFPB) recently announced a new rule set to go into effect in October 2025 to regulate overdraft programs. Under the new regulations, large financial institutions must choose one of three...
Rep. French Hill Chosen to Chair House Financial Services Committee
Rep. French Hill Chosen to Chair House Financial Services Committee Representative French Hill (R-Ark.) has been selected by the Republican Steering Committee to serve as Chairman of the House Financial Services Committee (HFSC), with the impending retirement of the...
CFPB Proposes Rule Taking Aim at Data Brokers
CFPB Proposes Rule Taking Aim at Data Brokers Last week, the Consumer Financial Protection Bureau (CFPB) proposed a rule that would restrict data brokers’ access to consumer data and the ability to sell that information. Data brokers collect and sell consumer-level...
Federal Judge Upholds Order Blocking CFPB’s Cap on Credit Card Late Fees
Federal Judge Upholds Order Blocking CFPB’s Cap on Credit Card Late Fees Earlier this month, federal Judge Mark Pittman of Fort Worth decided to uphold an injunction he issued in May blocking the Consumer Financial Protection Bureau’s (CFPB) $8 cap on credit...
CFPB Payday Lending Rule to Take Effect March 30, 2025, Appeals Court Determines
CFPB Payday Lending Rule to Take Effect March 30, 2025, Appeals Court Determines Last week, a panel of the Fifth U.S. Circuit Court of Appeals set March 30, 2025 as the effective date of the Consumer Financial Protection Bureau’s (CFPB) payday lending rule. The rule...
Trump Names Scott Bessent as Treasury Secretary
Trump Names Scott Bessent as Treasury Secretary Last week, President-elect Donald Trump named billionaire investor Scott Bessent as Treasury Secretary, likely positioning Bessent to be the key leader of Trump’s economic team. As in his previous administration, Trump...
