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  Catering to Gen Z benefits banksTuesday, November 22, 2022 A research paper from Ubiquity looked at the benefits to banks when they work to meet the expectations of Gen Z – those born roughly between 1997 and 2010. A vast majority of these expectations derive from the consumer experience in interacting with the bank and the convenience banks and other financial institutions offer through technology and innovations. |
 CFPB addresses ‘shoddy’ investigation practices by consumer reporting companiesTuesday, November 22, 2022 The Consumer Financial Protection Bureau (CFPB) issued a circular providing guidance on proper practices for investigation by consumer reporting companies. The circular affirms that neither consumer reporting companies nor information furnishers can skirt dispute investigation requirements. The CFPB offers guidance on how federal and state enforcers can bring claims against companies that fail to investigate properly. |
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Biden nominates FDIC chairTuesday, November 22, 2022 President Joe Biden announced his intent to nominate a chair and member of the board of directors of the Federal Deposit Insurance Corp. |
Populus and CFPB agree to stay suit pending Fifth Circuit’s mandateTuesday, November 22, 2022 The Consumer Financial Protection Bureau (CFPB) and Populus Financial Group agreed to stay the bureau’s enforcement action currently being heard in a Texas federal district court until the Fifth Circuit issues a mandate in Community Financial Services Association of America v. CFPB.
Biden nominates FDIC chairTuesday, November 22, 2022 President Joe Biden announced his intent to nominate a chair and member of the board of directors of the Federal Deposit Insurance Corp.
 New Congress will see changes to key committeesFriday, November 18, 2022 Weeks after the midterm election, there is finally a clear indication as to which party will be in control of each of the chambers of Congress. Even with Democrats maintaining control of the Senate, there are going to be significant changes to major committees in both chambers that will affect the consumer financial services industry.
 TCH analyzes the legal authority for banks engaging in stablecoin activitiesFriday, November 18, 2022 The Clearing House recently released a research paper that analyzes the legal authority and policy considerations for banks’ engagement in stablecoin-related activities. It primarily examines a series of letters issued by the Office of the Comptroller of the Currency, which address the legal authority of insured depository institutions to engage in stablecoin-related activities.
GSE shareholder suit ends in mistrialFriday, November 18, 2022 Shareholders of Fannie Mae and Freddie Mac (the GSEs) are preparing for next steps following a D.C. federal judge’s decision to grant a mistrial in their suit against the Federal Housing Finance Agency. This lawsuit is one of several in which shareholders are attempting to achieve some remedy to the 2008 conservatorship of the GSEs which saw them lose the control and compensation shareholders normally maintain.
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