White House · 117th Congress
In administration campaign on ‘junk fees,’ CFPB targets banks
“Today’s actions are going to save consumers more than $1 billion each year, and that’s a lot of money back in people’s pockets.”
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Congress · 117th Congress
Senate Democrats take aim at credit card fees amid inflation
Interchange fees are typically a percentage of the transaction cost, usually 1 to 3 percent.
Policy · 117th Congress
SEC proposes rule for emissions reporting by companies
In a 3-1 vote, the SEC proposed rules that would address a lack of standardization among company reporting on climate risk, making it easier for an apples-to-apples comparison on key metrics and
Congress · 117th Congress
Unimpressed with post office banking trial, backers eye new initiative
In 2019, Amodei co-sponsored an amendment to the Financial Services appropriations bill that would have provided $1 million to fund expansion into nonbank financial services by the Postal Service.
Policy · 117th Congress
Investors object to CEO pay in judgment on pandemic response
The rate would steadily increase for pay ratios up to 500-to-1 or higher.
Policy · 117th Congress
US confronts ‘digital dagger’ from overseas aimed at top tech companies
[jwp-video n=”1″] The USTR position is “an important affirmation in pushing back on these discriminatory trade barriers as the U.S. continues to work to find a viable solution at the OECD,”
Policy · 117th Congress
Antitrust risks cloud outlook for fintech deals amid surge
A total of 232 global fintech deals were announced from Jan. 1 through March 10 with an aggregate value of $47.8 billion, compared with 160 deals collectively worth $39.3 billion during the first
Congress · 117th Congress
Lawmakers plan further probe of trading models in GameStop saga
[jwp-video n=”1″] The company has faced growing scrutiny after it paused purchases of GameStop and other stocks.
White House · 117th Congress
Erotica, pot firms join oil patch to keep fair access bank rule
It’s set to take effect April 1. The rule came after the largest U.S. banks said they would stop financing oil exploration and drilling projects in the Arctic, citing environmental concerns.