We previously reported that the House and Senate released a bipartisan bill concerning data privacy called the American Data Privacy and Protection Act (ADPPA). On June 23, the Subcommittee Consumer Protection ...
The House Financial Services Committee submitted a report on June 7, 2022, recommending passage of the Fair Lending for All Act (H.R. 166) (the “Act”), to establish an Office of ...
On June 3, 2022, House and Senate leaders released a draft bipartisan bill concerning a new data privacy framework. An overview of the draft bill’s key provisions includes the following: ...
The National Credit Union Association (NCUA) recently released NCUA Letter 22-CU-07 discussing the use of distributed ledger technology (DLT) by credit unions. The NCUA has taken the position that credit ...
The House Financial Services Committee has scheduled a virtual hearing for Thursday, May 26, 2022, at 12:00 PM E.T., to examine the benefits and risks of a U.S. central bank ...
In a Press Release on May 3, 2022, the Federal Deposit Insurance Corporation (FDIC) announced it will be sponsoring another Small Business Lending Survey (SBLS) in June of 2022. The ...
The Consumer Financial Protection Bureau (CFPB) released a report showing that credit card issuers collectively charged $12 billion in late fees in 2020. The report makes several findings, including: Many ...
Early this week FinCEN released that the comment period to the notice of proposed rulemaking requiring the reporting of beneficial ownership information has closed. This was the first in a ...
The California Privacy Protection Agency Board met this week to discuss the progress of the new California Privacy Protection Agency (CPPA) who is in charge of enforcing the California Privacy ...
On December 8, 2021, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) published a Notice of Public Rulemaking (NPRM) and a Fact Sheet outlining the first of three sets of ...