Luetkemeyer bill targets CFPB reform
U.S. Rep. Blaine Luetkemeyer (R-MO) has introduced three bills he maintains would deliver Consumer Financial Protection Bureau (CFPB) reform. “The CFPB is our country’s most economically danger...
Read MoreIndustry
Lawmakers express concerns about increasing check fraud scams
Three legislators recently forwarded correspondence to the American Bankers Association (ABA), citing concerns regarding increasing check fraud scams. U.S. Sen. Sherrod Brown (D-OH), chairman of th...
Read More
Sens. Cardin, Ernst urge SBA to rework proposed loan underwriting rules
U.S. Sens. Ben Cardin (D-MD) and Joni Ernst (R-IA) are urging the Small Business Administration (SBA) to rework proposed changes to its loan underwriting program that would allow financial technology ...
Read More
Measure seeks tax credit for first-time homebuyer down payments
Senate Finance Committee Chair Sen. Ron Wyden (D-OR) has introduced legislation he said would offer first-time homebuyers a down payment tax credit and expand homeownership opportunities. Proponent...
Read More
CFPB, National Labor Relations Board sign agreement to help protect gig economy workers
The Consumer Financial Protection Bureau (CFPB) and the National Labor Relations Board (NLRB) are partnering to address practices that harm workers in the “gig economy” and other labor markets. ...
Read More
Legislators urge SEC chair to finalize climate disclosure rule
A group of lawmakers, led by U.S. Sens. Elizabeth Warren (D-MA) and Sheldon Whitehouse (D-RI), recently urged the U.S. Securities and Exchange Commission (SEC) to finalize a climate disclosure rule wi...
Read More
SEC details Miami investment adviser emergency action
Securities and Exchange Commission (SEC) officials have detailed an emergency action against Miami-based investment adviser BKCoin Management LLC and one of its principals, Kevin Kang. Per the SEC,...
Read More
Senate bill would help American decide when to claim Social Security benefits
U.S. Sens. Bill Cassidy, M.D. (R-LA), Tim Kaine (D-VA), Susan Collins (R-ME), and Chris Coons (D-DE) introduced a bill that seeks to help Americans make more informed decisions regarding when to claim...
Read More
Democratic senators advocate for instant payment app user protections
A group of Democratic senators recently urged federal agencies to coordinate a supervisory approach to peer-to-peer payment systems such as Zelle and similar apps with the Consumer Financial Protectio...
Read More
Senate Banking Committee Republicans advocate for consistent Federal Reserve capital review
Senate Banking Committee Republicans have forwarded correspondence to Federal Reserve System Board of Governors Chair Jerome Powell, citing concerns regarding Federal Reserve capital review requiremen...
Read More