Critics of the Consumer Financial Protection Bureau (CFPB) said Wednesday (March 26) at a Capitol Hill hearing that the agency needs a restructuring, and has engaged in what they call “regulatory overreach” that merits a revisiting of its funding structure as well. Get the Full...
Rep. Andy Barr, R-Ky., said Wednesday (March 26) that three bills he introduced will bring reforms to areas in which the Consumer Financial Protection Bureau (CFPB) has “abused its power and threatened — not helped — consumers in the process.” Get the Full Story Complete the...
Three members of Congress have asked the Federal Deposit Insurance Corp. (FDIC) for information about how it will provide regulatory guidance for FinTech firms and other financial innovators. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Change looms in the banking sector as various agencies have put forth proposals that would, among other things, raise capital requirements, mandate that banks with more than $100 billion in assets issue more debt and that almost all institutions re-assess risk. Get the Full Story...
April 29, 2025
Rep. Andy Barr, R-Ky., said Tuesday (April 29) that he supports bills that will tailor federal bank regulation to financial institutions’ risk profiles and maintain Congress’ authority over the federal banking regulatory agencies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional […]
March 26, 2025
Rep. Andy Barr, R-Ky., said Wednesday (March 26) that three bills he introduced will bring reforms to areas in which the Consumer Financial Protection Bureau (CFPB) has “abused its power and...
February 02, 2024
Three members of Congress have asked the Federal Deposit Insurance Corp. (FDIC) for information about how it will provide regulatory guidance for FinTech firms and other financial innovators. Get the Full Story...
July 11, 2023
A group of 132 members of Congress favor challenging the funding structure of the Consumer Financial Protection Bureau (CFPB). Get the Full Story Complete the form to unlock this article and...
