politics

Senate Narrowly Confirms Rohit Chopra as Consumer Watchdog Boss

Senate Narrowly Confirms Rohit Chopra as Consumer Watchdog Boss
Senate Narrowly Confirms Rohit Chopra as Consumer Watchdog Boss
October 01, 2021  |  CFPB

The U.S. Senate confirmed President Joe Biden’s pick to lead the Consumer Financial Protection Bureau (CFPB) 50-48 in a party-line vote that got no Republican...

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Sen. Warren, Others Seek Info From SPACs
Sen. Warren, Others Seek Info From SPACs
September 22, 2021  |  IPO

Senator Elizabeth Warren, along with three other Senate Democrats, wants to bring serious scrutiny to the SPAC process, as letters they sent to the most...

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CFPB Nominee Rohit Chopra Could Soon Gain Senate Approval
CFPB Nominee Rohit Chopra Could Soon Gain Senate Approval
September 22, 2021  |  Legal & Regulation

Rohit Chopra, President Biden’s nominee to lead the Consumer Finance Protection Bureau (CFPB), looks to be close to approval by the Senate, The Wall Street...

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Banking Groups Ask US House to Kill Proposed Account Reporting
Banking Groups Ask US House to Kill Proposed Account Reporting
September 19, 2021  |  Bank Regulation

U.S. banking lobby groups want to nix a proposal for bank account reporting that’s part of the congressional reconciliation package. Get the Full Story Complete...

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Yellen Asks Congress to Make Banks Report Taxpayer Cash Flows to IRS
Yellen Asks Congress to Make Banks Report Taxpayer Cash Flows to IRS
September 16, 2021  |  Taxes

Treasury Secretary Janet Yellen and IRS commissioner Charles Rettig have been pressuring lawmakers to give the IRS more information on taxpayers’ bank accounts. Get the...

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NY Gov. Hochul Taps Obama Vet Harris as Top Financial Watchdog
NY Gov. Hochul Taps Obama Vet Harris as Top Financial Watchdog
August 31, 2021  |  Personnel

New York Gov. Kathy Hochul has tapped Adrienne Harris, a veteran of former President Barack Obama’s White House, to take the reins of the state’s...

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Chinese President Xi Calls For Wealth Redistribution
Chinese President Xi Calls For Wealth Redistribution
August 18, 2021  |  Cross-border Payments

Chinese President Xi Jinping is calling for wealth redistribution that includes a framework for “common prosperity,” curbing excessive incomes and working to avert financial risks,...

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Vaccine Mandates Are A Lose-Lose For Frontline Restaurant Workers, Says Paytronix CEO
Vaccine Mandates Are A Lose-Lose For Frontline Restaurant Workers, Says Paytronix CEO
August 16, 2021  |  Economy

For a few months in late spring and early summer, the future was looking bright for restaurants. Newly vaccinated consumers were coming back for indoor...

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