The Consumer Financial Protection Bureau (CFPB) published an analysis last week on the safety of storing funds on digital payment apps. The analysis revealed that funds stored on these apps, such a...
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The Consumer Financial Protection Bureau (CFPB) has detailed enforcement action against nonbank personal loan installment lender OneMain Financial for allegedly violating consumer financial laws. ...
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U.S. Sens. Shelley Moore Capito (R-WV) and Gary Peters (D-MI) have reintroduced a bill that would aid communities in addressing workforce needs through post-graduation scholarship initiatives. Legi...
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The Federal Deposit Insurance Corporation (FDIC) indicated reports from 4,672 commercial banks and savings institutions it insures showed aggregate net income of $79.8 billion in first quarter 2023. ...
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The Federal Housing Finance Agency (FHFA) House Price Index (HPI) maintains domestic house prices increased 4.3 percent between the first quarters of 2022 and 2023. “U.S. house prices generally i...
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The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Clearing and Risk issued a staff advisory this week on the risks related to the clearing of digital assets. Specifically, staff ...
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U.S. Rep. Ayanna Pressley (D-MA) recently introduced an amendment to debt ceiling legislation, which seeks to protect student loan borrowers and preserves the federal student loan payments pause. T...
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The U.S. House of Representatives passed legislation this week that would direct the Securities and Exchange Commission (SEC) to assess regulatory costs of compliance for small and growing businesses....
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U.S. Rep. Patrick McHenry (R-NC), chair of the House Financial Services Committee, is cautioning U.S Treasury against regulating outbound investment to China. In a letter to Yellen, McHenry express...
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U.S. Reps. Dan Newhouse (R-WA) and Jennifer Wexton (D-VA) recently joined eight colleagues to introduce legislation that would end a United States Postal Service (USPS) ban preventing the shipping of ...
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