The hearing was held as part of ongoing student loan discussions in D.C. and as the industry awaits a U.S. Supreme Court decision on two cases on student loan forgiveness.
On May 31, 2023, Dollar Bank filed a notice of data breach with the Attorney General of Maine after learning that an unauthorized party was able to access confidential information belonging to Standard Bank customers before the two banks merged.
Earlier this month, the Colorado legislature voted to approve HB23-1229, which would opt the State out of Section 521 of the Depository Institutions Deregulation and Monetary Control Act of 1980 (“DIDMCA”), a federal law enacted to create competitive equality between state-chartered banks and national banks.
WASHINGTON – U.S. Senator Kevin Cramer (R-ND) joined Senator Elizabeth Warren (D-MA) in introducing the Failed Bank Executives Clawback Act, bipartisan legislation requiring federal regulators to claw back up to three years of compensation given to bank executives, board members, controlling shareholders, and other key decision-makers in the event of a failure or resolution.
More young Americans are late paying their car loans – approaching levels not seen since the Great Recession, according to a report from the New York Fed.
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