Nearly 100 lawmakers have forwarded correspondence to President Joe Biden, advocating for a federally-held student loan payments pause and meaningful student debt cancellation. "We are writing to u...
Read More
U.S. Sens. Kirsten Gillibrand (D-NY) and Bernie Sanders (I-VT) are sponsoring legislation that would create banking services through the post office. The Postal Banking Act would establish a nonpro...
Read More
U.S. Sens. Sherrod Brown (D-OH) and Dick Durbin (D-IL) led correspondence to four entities, advocating for small businesses to garner access to credit amid the Main Street pandemic recovery. Brown,...
Read More
The U.S. House of Representatives passed legislation designed to increase retirement savings for Americans. Specifically, the Securing a Strong Retirement Act of 2022 expands automatic enrollment ...
Read More
A recent Consumer Financial Protection Bureau (CFPB) report found that credit card companies assessed late fees totaling $12 billion in 2020. “Many credit card issuers have made late fee penalti...
Read More
The U.S. Securities and Exchange Commission (SEC) proposed new rules that would require certain entities – including market trading firms and liquidity providers -- to register with the SEC as “de...
Read More
U.S. Sen. Ron Wyden (D-OR) continues his probe of the Opportunity Zone program to see if it has achieved the intended goals of encouraging investment and creating jobs in low-income communities. Th...
Read More
U.S. Sens. Raphael Warnock (D-GA) and Sherrod Brown (D-OH) sent letters urging major banks to lower or fully eliminate their overdraft fees. The letters were sent to the CEOs of Charles Schwab, JP...
Read More
The Federal Deposit Insurance Corporation (FDIC) is seeking comment and feedback on the effectiveness of current rules and regulations related to bank mergers. Specifically, the request for informa...
Read More
U.S. Rep. Maxine Waters (D-CA) is seeking information from various trade associations seeking information on what actions financial institutions and businesses have cut ties to Russia and businesses t...
Read More