Senator Elizabeth Warren didn’t hold back during her first trip to Iowa, going after Washington for being “corrupt” and “beholden to giant corporations.” In addition, Warren criticized the idea that wealthy potential presidential candidates might use their personal fortunes to finance their campaigns. “Campaigns should...
Collaborative efforts between FinTech firms and traditional FIs could get a boost amid guidelines for alternative data used in credit decisions, said the GAO. In the meantime, sandboxes are gathering momentum here and abroad in pursuit of innovation in financial services, aided by technology.
The U.S. Senate has confirmed Kathleen Kraninger as the new Director of the Bureau of Consumer Financial Protection (BCFP). “NAFCU is consistently engaged with the bureau on issues critical to the credit union industry and we look forward to working with Director Kraninger to ensure...
January 14, 2019
A challenge to the structure of the Consumer Financial Protection Bureau (CFPB) was dismissed by the U.S. Supreme Court on Monday (Jan. 14) when it declined to take up a Texas case. According to a report in Reuters, citing the Supreme Court, the court turned away a Texas bank’s challenge to the CFPB, a case that […]
January 08, 2019
Senator Elizabeth Warren didn’t hold back during her first trip to Iowa, going after Washington for being “corrupt” and “beholden to giant corporations.” In addition, Warren criticized the idea that...
December 07, 2018
The U.S. Senate has confirmed Kathleen Kraninger as the new Director of the Bureau of Consumer Financial Protection (BCFP). “NAFCU is consistently engaged with the bureau on issues critical to...
