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Will 118th Congress Pass New Banking Legislation?

Narrow majorities for House and Senate, deep partisan divide will make consensus on banking reforms difficult to achieve but Senate Banking Committee and House Financial Services Committee will conduct oversight of Biden administration and independent agencies that may help. ....

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College Lending Practices Under Investigation

CFPB will begin examining operations of post-secondary schools offering private loans to students and update procedures to include a section on institutional student loans. CFPB highlights its concern about the student borrower experience in light of past abuses at schools. ....

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