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WASHINGTON--Issuing an interim final rule (IFR) for its personal financial data rights (PFDR) rule would truncate the public comment process for one of the CFPB's most technical and complex rules. In a letter to acting CFPB Director Russell Vought Thursday, America’s Credit Unions urged the CFPB to go through the regular rulemaking process to alleviate potential complications.

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Jeff Wrase (L) and Scott Simpson

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WASHINGTON--Friday, Scott Simpson, president and CEO of America’s Credit Unions, met with Alexandria Smith, deputy assistant secretary for community and economic development at Treasury, to discuss credit union priorities related to the Community Development Financial Institutions (CDFI) Fund. 

 

WASHINGTON— Marking an easing of federal marijuana policy, the White House on Thursday issued an executive order directing the federal government to accelerate the rescheduling of marijuana for medical use and to expand research into both medical marijuana and hemp-derived cannabidiol (CBD), citing widespread patient use and long-standing gaps in federal policy and scientific guidance.

WASHINGTON--The Senate on Thursday confirmed Mike Selig to lead the Commodity Futures Trading Commission and Travis Hill as chairman of the Federal Deposit Insurance Corp., approving the nominations as part of a broader package of nearly 100 executive branch nominees by a 53–43 vote.