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Orrick, Herrington & Sutcliffe LLP

Fed officials emphasize need for progress on financial inclusion

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Recently, two members of the Fed, the Vice Chair for Supervision, Michelle Bowman, and Governor Michael Barr, both spoke on the ongoing challenges and opportunities in advancing financial inclusion across the U.S. Both...more

Ballard Spahr LLP

Percentage of U.S. unbanked households dropped to record low level in 2023

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The percentage of unbanked households in the U.S. fell to its lowest level in 2023—4.2%–, the FDIC recently reported....more

Paul Hastings LLP

Daily Financial Regulation Update -- Friday November 15

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November 14, 2024- The U.S. Department of the Treasury delivered its semiannual Report to Congress on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States....more

Thomas Fox - Compliance Evangelist

The Affordable Housing Crisis

Thomas Fox - Compliance Evangelist on

We conclude our three-part blog series with a look at the affordable housing crisis. It is an omnipresent challenge facing many communities across the United States. From small towns like Kerrville, Texas, to bustling cities...more

Ballard Spahr LLP

If consumers are “clueless” about arbitration, it’s not industry’s fault

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Last week, Professor Jeff Sovern of St. John’s University School of Law published a blog post discussing a new empirical study by Roseanna Sommers, Assistant Professor of Law at the University of Michigan Law School, dealing...more

Cadwalader, Wickersham & Taft LLP

FDIC Chair Speaks on Importance of Financial Inclusion and Safety of Deposit Insurance

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Federal Deposit Insurance Corporation (“FDIC”) Chair Martin Gruenberg gave remarks to the Cities for Financial Empowerment Fund 2023 Bank On National Conference recently in which he said that the FDIC “shares the Bank On...more

Ballard Spahr LLP

CFPB urges more consumer control over payment methods

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As one of his final actions before resigning last Friday from the Consumer Financial Protection Bureau, Director Richard Cordray sent letters to the chief executives of 29 banks, credit unions, and other financial companies...more

Ballard Spahr LLP

CFPB issues fifth Financial Literacy Annual Report

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The CFPB has issued its fifth Financial Literacy Annual Report to Congress. The report describes the CFPB’s ongoing financial literacy work, “with an emphasis on work during October 2016 through September 2017.”...more

Ballard Spahr LLP

CFPB issues fourth Financial Literacy Annual Report

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The CFPB has issued its fourth Financial Literacy Annual Report to Congress. The report covers the CFPB’s activities to improve consumer financial literacy during the period from October 2015 through September 2016. The...more

Ballard Spahr LLP

CFPB issues report on achieving youth financial capability

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The CFPB has issued a report that describes a new “developmentally informed, skills-based model” for helping youth achieve financial capability. Entitled “Building blocks to help youth achieve financial capability,” the...more

Ballard Spahr LLP

Financial Literacy Highlighted in Director Cordray’s remarks to the American Bankers Association

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Financial literacy was the focus of Director Richard Cordray’s remarks last week at the American Bankers Association Annual Convention. He identified three areas where the CFPB is focusing its efforts and where financial...more

Ballard Spahr LLP

CFPB plans national survey on financial well-being

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The CFPB has published a notice in the Federal Register indicating that it is planning to conduct a “Financial Well-Being National Survey.” In the notice, the CFPB states that through its prior research, it has determined...more

Ballard Spahr LLP

CFPB issues third Financial Literacy Annual Report

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The CFPB has issued its third Financial Literacy Annual Report to Congress. The report covers the CFPB’s activities to improve consumer financial literacy during the period from June 2014 through September 2015. The report’s...more

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