News & Analysis as of

Financial Literacy Financial Services Industry

Orrick, Herrington & Sutcliffe LLP

Fed officials emphasize need for progress on financial inclusion

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

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

McDermott Will & Schulte

Video: Leaders Moving Business Forward with Kirupa Pushparaj of Step

More than 47% of the world's population and 30% of the US population do not have access to a bank account. Step, the banking app, is helping to foster financial literacy in teens and other traditionally underserved...more

Mayer Brown Free Writings + Perspectives

SEC Investor Advisory Committee Approves Recommendation on Minority and Underserved Inclusion

During its recent meeting, the Securities and Exchange Commission’s Investor Advisory Committee (the “Committee”) approved a recommendation to the SEC regarding minority and underserved community inclusion in investment and...more

Ballard Spahr LLP

CFPB to host consumer debt relief event

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On March 10, 2020, the CFPB will host a day-long event, “Evolutions in Consumer Debt Relief.”  The event will explore options for consumers facing unmanageable unsecured debt and limited credit options.  ...more

Ballard Spahr LLP

CA and NY governors propose expansion of state consumer financial protection regimes

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The governors of California and New York have both proposed to expand the authority of their respective state’s consumer financial services regulator.  Both governors have framed their proposals as a response to what they...more

Ballard Spahr LLP

FTC launches military task force webpage

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The FTC has launched a new page on its website dedicated to its Military Task Force. According to the FTC, it created the Task Force “to focus on identifying the particular needs of military consumers and developing...more

Ballard Spahr LLP

The CFPB’s arbitration rule video: education or lobbying?

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In a new video posted on its website entitled “CFPB’s New Arbitration Rule: Take Action Together,” the CFPB tells consumers that arbitration agreements prevent them from joining together to hold companies accountable for...more

Ballard Spahr LLP

FTC Releases Agenda And Panelists For Upcoming Military Consumer Financial Workshop

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On July 19, the Federal Trade Commission will hold a workshop in San Antonio titled the “2017 Military Consumer Financial Workshop: Protecting Those Who Protect Our Nation.” The FTC has uploaded an agenda and list of...more

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