Government Relations Policy Updates

Rep. McHenry Urges Treasury to Intervene Against Postal Banking

Posted June 29, 2018

On June 27, 2018, Rep. Patrick McHenry (R-N.C.), Vice Chairman of the House Financial Services Committee, sent a letter to Treasury Secretary Steven Mnuchin requesting that the agency’s special task force on postal reform include a recommendation in its upcoming review of the U.S. Postal Service to prohibit the USPS from piloting or expanding any nonpostal banking services.

CFPB Exploring Sandbox

Posted June 5, 2018

The Consumer Financial Protection Bureau is actively working on launching a regulatory “sandbox” for the financial services industry.

CFPB & CFSAA Ask Court to Pause Payday Lending Rule

Posted June 5, 2018

The Consumer Financial Protection Bureau and The Community Financial Services Association of America have asked the U.S. District Court for the Western District of Texas to pause the litigation aiming to overturn the bureau’s rules for the industry.