Yellen Confirmed as Treasury Secretary

Yellen Confirmed as Treasury Secretary

Yellen Confirmed as Treasury Secretary Yesterday, the U.S. Senate confirmed Janet Yellen’s nomination by a vote of 84-15, making her the first woman Treasury secretary in the Department’s 232-year history. Yellen, one of Biden’s first Cabinet-level nominations, is an...
OCC Issues Proposed True Lender Rule

Acting Comptroller Brian Brooks Leaves OCC

Acting Comptroller Brian Brooks Leaves OCC Brian Brooks, who served as Acting Comptroller of the Currency since late May of last year, stepped down from his role atop the Office of the Comptroller of the Currency (OCC) last Friday. Following 12 USC 4, Chief Operating...
Banks Urged to Make Small Dollar Loans, but Remain Reluctant

States Increase Minimum Wage in 2021

States Increase Minimum Wage in 2021 With the start of 2021, twenty states have increased their minimum hourly wage, which supporters say will aid in poverty reduction and offer essential pay increases for low-income, poverty workers. They will also help many...

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