A coalition of tech companies, including Apple and Google, has launched a legal challenge against the Consumer Financial Protection Bureau (CFPB). They seek to prevent the CFPB from regulating their digital wallets—Apple Pay and Google Pay—under the same rules that govern payment companies. This
The evolving payments industry is on the cusp of significant transformation under President Donald Trump’s administration. With a focus on fostering a business-friendly environment, fintech companies stand to gain from regulatory changes that could open new avenues for growth and innovation. This
In recent years, the intersection of presidential politics and financial regulation has become increasingly pronounced, particularly concerning the Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA). This growing influence is largely due to recent Supreme
As President Donald Trump begins his second term, the multifamily housing industry anticipates a mix of risks and opportunities amidst a Republican-controlled government. The GOP's retention of a trifecta in Washington, D.C., allows Trump's administration and financial regulators more potential for
In the rapidly changing financial landscape, TD Bank has undertaken a strategic approach to ensure adherence to regulatory lending caps by selling off portions of its loan portfolio. This move underscores the bank's commitment to complying with legal lending limits that are essential for
In a recent fireside chat with Aaron Klein, a senior fellow at the Brookings Institution, Martin Gruenberg, the outgoing Chair of the Federal Deposit Insurance Corporation (FDIC), expressed caution against complacency in financial regulation and emphasized the importance of strong supervision.
