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Prevent Financial Abuse
Life often presents us
with unplanned disruptions.
A women’s depository for vendors & clients to grow their diverse spend & increase women’s employment at all levels within the housing ecosystem.
“My Story Is Different Than Most”
“It’s just been an incredible conference. The women who have been here and all of you who I’ve met with have been the highlight of my year so far, really,” said Rebecca Steele taking over the stage for her SHETalk on day two of our conference.
Her story, she revealed, is different than most. “I have been through crisis,” she said, “But I will tell you that I’ve been very, very fortunate to have some of the opportunities that I’ve had.”
The White House has recently announced that it will nominate Kathy Kraninger, currently an official from the Office of Management and Budget (OMB), for Director of the Consumer Financial Protection Bureau (CFPB). If her appointment is approved by the Senate, Kraninger will take over for Acting Director Mick Mulvaney, whose term as consumer watchdog ends on June 22nd.
The speed and connectivity of the internet and our devices allow us incredible opportunities, from remaining connected with family across the world to ordering and receiving a product within a matter of minutes. However, there are two sides to every coin, and the reach of today’s technology means that consumers have to be more cautious than ever before when utilizing and protecting their hard-earned money.
If you’re wondering about the recent topic of regulatory relief for community banks, look no further. The FDIC has recently released a statement by Doreen R. Eberley regarding this very topic. In the press release, Eberley speaks about positive performances made by community banks in the United States, as well as burdensome, outdated and unjustifiable regulations that they hope to clean up. She goes on to talk about about the FDIC’s supervision program, as well as their Community Bank Initiative.
Today, the Federal Deposit Insurance Corporation (FDIC) released a Financial Institution Letter that applies to all FDIC-supervised institutions regarding the assessment approach used for evaluating customers. The letter encourages a risk-based approach in assessing the services that can be provided to customers, as opposed to denying banking services to entire categories of customers.
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