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...
Regulators Largely Pausing New Rules Until Next Administration
Regulators Largely Pausing New Rules Until Next Administration Three top financial regulators, the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corp. (FDIC), and the Federal Reserve (Fed) recently told the House Financial Services...
Elizabeth Warren to Lead Democrats on Senate Banking Committee
Elizabeth Warren to Lead Democrats on Senate Banking Committee With Republicans taking the majority in the Senate and current Chairman Sherrod Brown (D-Ohio) losing his reelection, that means Senator Elizabeth Warren (D-Mass.) is set to become the top Democrat on the...
Number of Paycheck-to-Paycheck Consumers Continues Inching Toward Record Highs
Number of Paycheck-to-Paycheck Consumers Continues Inching Toward Record Highs In light of the recent election, PYMNTS Intelligence found that more than 66 percent of consumers across all income levels are living paycheck to paycheck, which is up from 56 percent who... CFPB Under Incoming Trump Administration Likely to Roll Back Credit Card and Banking Rules
CFPB Under Incoming Trump Administration Likely to Roll Back Credit Card and Banking Rules The Consumer Financial Protection Bureau (CFPB) will likely reverse several of its Biden-era rules and scale back its regulatory agenda after President-elect Donald Trump...
Senate Banking Committee Chairman Sherrod Brown Loses Reelection as Senate Flips to Republican Control
Senate Banking Committee Chairman Sherrod Brown Loses Reelection as Senate Flips to Republican Control Bernie Moreno, Republican car salesman and entrepreneur, has defeated incumbent Senator Sherrod Brown (D-Ohio), the chair of the Senate Banking Committee, who is...
CFPB Finalizes Rule on Personal Financial Data Rights
CFPB Finalizes Rule on Personal Financial Data Rights The Consumer Financial Protection Bureau (CFPB) recently finalized its Personal Financial Data Rights Rule which it says is designed to give consumers greater privacy, security, and rights over their personal...
