CFPB Requests Authority to Supervise Compliance with Military Lending Act
← Previous Article Next Article → Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger transmitted a legislative proposal to Congress last week which would give the CFPB authority to conduct supervisory examinations for compliance with the...
The Federal Reserve a Potential Roadblock to Fintech Charter
← Previous Article Next Article → Recent reports indicate that the Federal Reserve (Fed) may not be in line with the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) when it comes to granting financial...
Rep. Maxine Waters Lists Policy Priorities for House Financial Services Committee
← Previous Article Next Article → Congresswoman Maxine Waters (D-CA-43) delivered her first policy speech as Chair of the House Financial Services Committee where she outlined several different policy priorities for 2019. Her speech included monitoring the...
New Faces on the House Financial Services Committee
← Previous Article Next Article → A number of congressional freshmen, including Alexandria Ocasio-Cortez (D-NY-14) and Rashida Tlaib (D-MI-13), are set to join the House Financial Services Committee, which will be chaired by Maxine Waters (D-CA-43) and...
Supreme Court Declines to Hear Case Challenging CFPB Constitutionality
← Previous Article Next Article → The U.S. Supreme Court declined to hear a case on Monday that would have challenged the constitutionality of the Consumer Financial Protection Bureau (CFPB). The case involved the State National Bank of Big Spring alongside...
Fintech Funding Breaks Records
← Previous Article Next Article → United States’ fintech funding reached a record high in 2018, rising 38% to nearly $11 billion last year, according to the latest quarterly report by PwC and CB Insights. The fintech sector not only saw an increase in...
OCC Argues that Court Ruling on Fintech Charter “Must Wait”
← Previous Article Next Article → The Office of the Comptroller of the Currency (OCC) has recently submitted a motion asking a federal judge to dismiss a lawsuit against the agency’s plan to issue fintech charters, despite acknowledging that a court ruling...
Fintech Lenders Utilize Alternative Data to Visualize “Credit Invisibles”
← Previous Article Next Article → A new report by the Aite Group, prepared for and published by Experian, highlights the various ways that fintech lenders utilize alternative data to serve borrowers who may be rejected by traditional financial institutions...
