President Joseph R. Biden will nominate Travis Hill to be Vice Chair of the FDIC Board of Directors and Jonathan McKernan to be a General Board Member.
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Michael S. Barr was sworn into office as Vice Chair for Supervision for the Board of Governors of the Federal Reserve System.
A CFPB advisory opinion on the obligations of consumer reporting agencies and consumer report users under the Fair Credit Reporting Act ("FCRA") became effective July 12th.
The CFPB reminded companies of their obligation to only use and share consumer credit reports and background reports when they have a "permissible purpose."
Several confirmed nominees were sworn in to the Federal Reserve Board.