Senate Holds Rare Hearing on Cannabis Banking
← Previous Article Next Article → The U.S. Senate Banking Committee led by Chairman Mike Crapo (R-ID) and Ranking Member Sherrod Brown (D-OH) held an unprecedented hearing on cannabis banking on July 23. The Senators focused their remarks on the Secure and...
Congress Urges Tribal Consultation at Federal Agency
← Previous Article Next Article → Earlier today, a congressional delegation sent a letter to Kathy Kraninger, Director of the Consumer Financial Protection Bureau (CFPB), urging the CFPB to adhere to the agency’s policy on Tribal Consultation. The signers of...
CFPB Reviewing its Examination Process?
← Previous Article Next Article → Kathy Kraninger, Director of the Consumer Financial Protection Bureau, recently said that the federal agency is reviewing its examination process, especially how it works in conjunction with other federal regulators.“We are...
Kraninger Tackles Elder Abuse
← 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...
New Government Data on Credit Cards
← Previous Article Next Article → The Consumer Financial Protection Bureau (CFPB) released a data report on credit cards on July 2. The report found that most Americans use credit cards as a means to borrow money, and many sustain debt on those cards...
Boston Fed President Asks for More Tools to Monitor Fintechs
← 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...
Civil Rights Group Files Lawsuit Against the CFPB
← Previous Article Next Article → A civil rights group called the Lawyers’ Committee for Civil Rights Under Law recently filed a lawsuit against the Consumer Financial Protection Bureau (CFPB) for not responding sufficiently or quickly enough to four Freedom...
CFPB Settles with Debt Relief Company
← 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...
