The Consumer Financial Protection Bureau (CFPB) maintains companies are not absolved of legal responsibilities when enabling a black-box model or algorithms to make lending decisions. The CFPB rece...
Read More
A group of U.S. Senators introduced legislation that seeks to reduce the amount of board meetings credit unions are required to have. At present, credit union boards are required to meet at least o...
Read More
The Credit Union National Association (CUNA) is among a group of organizations that have expressed their support for a bill that would permit remote notary signing. The organizations point out tha...
Read More
A group of lawmakers on the Senate Finance Committee released a discussion draft for telehealth policies designed to improve mental health care across the nation. The discussion draft includes poli...
Read More
Fintech firm Consilient officials are detailing the company's effort to secure $3 million in private seed funding to aid financial crime prevention technology development. "Criminals adapted during...
Read More
The Securities and Exchange Commission (SEC) has proposed amendments to rules on reporting environmental, social, and governance (ESG) factors for investment companies and advisors. The proposed ...
Read More
U.S. Sens. Todd Young (R-IN) and Cory Booker (D-NJ) recently introduced the Emergency Savings Act of 2022, which seeks to help Americans save for unexpected expenses without gaining access to their re...
Read More
A group of U.S. Senators introduced legislation that would place a moratorium on mergers and acquisitions in the food and agriculture sector. The Food and Agribusiness Merger Moratorium and Antitr...
Read More
U.S. Rep. Maxine Waters (D-CA) and U.S. Sen. Sherrod Brown (D-OH) have forwarded correspondence to Securities and Exchange Commission (SEC) Chairman Gary Gensler, advocating for the disclosure of stan...
Read More
U.S. Sens. Mitt Romney (R-UT), Richard Burr (R-NC), Tim Scott (R-SC), Bill Cassidy (R-LA), and Thom Tillis (R-NC) recently introduced The Student Loan Accountability Act, which seeks to prohibit the B...
Read More