WASHINGTON – As the American financial landscape faces unprecedented economic volatility, a high-stakes legislative battle has erupted on Capitol Hill. On August 21, 2026, a broad coalition of consumer, community, and civil rights organizations issued a stern warning to the House Financial Services Committee: the proposed "CFPB Reform Act of 2026" is not a measure…
July 16, 2026 — In a move that consumer advocates are calling a "predatory pivot," Opportunity Financial (OppFi), a prominent fintech lender known for offering high-cost installment loans, has petitioned the Trump Administration for approval to acquire BNC Bank. If successful, the acquisition would transform the institution into "OppFi Bank," effectively granting the lender a…
The House Financial Services Committee took a significant step toward modernizing the American financial landscape on Tuesday, June 30, 2026. In a day-long markup session, lawmakers advanced a suite of bills aimed at recalibrating how digital-age finance interacts with consumer protection. The package, which now moves toward potential consideration by the full House, seeks to…
