Republican Lawmakers Call for Changes to CFPB’s Section 1071 Proposal
Three GOP lawmakers today raised concerns about the CFPB’s pending rulemaking to implement Section 1071 of the Dodd-Frank Act.
Newsbytes
FOMC: Robust Economic Growth Likely to Follow Quick Passing of Omicron
If the omicron wave of the COVID-19 pandemic dissipates quickly, economic activity will likely strengthen rapidly and economic growth will...
CFPB Allows Consumers to Directly Petition for Rulemakings
The CFPB today announced a new process through which consumers may petition the bureau directly for rulemaking actions.
FSB: Crypto Assets Could be Threat to Global Financial Stability
The crypto-asset market could reach a point where it presents a threat to global financial stability, according to a new...
Home Builder Confidence Falls in February
The National Association of Home Builders/Wells Fargo Housing Market Index decreased one point to 82 in February. “Production disruptions are...
Industrial Production Increases in January
Industrial production increased 1.4% in January after declining 0.1% in December. Total industrial production in January was 4.1% higher than...
U.S. International Trade Balance Grows in December
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was...
ABA to DOJ: Bank Merger Guidelines Outdated
The American Bankers Association told the Department of Justice today that the 1995 bank merger competitive review guidelines are outdated...
CFPB Issues Compliance Bulletin on Use of Prepaid Cards for Government Benefits
The CFPB today released a compliance bulletin reiterating that the Electronic Fund Transfer Act and its implementing regulation, Regulation E,...
Study: Small, Midsize Business Lending Fraud Rises
Small and midsize business lending fraud in the U.S. increased 6.9% in 2021 from a year earlier, according to a...
