Press release announcing details of a regulation that would block the use by credit card companies and others of arbitration clauses that prevent consumers from joining in class-action lawsuits. Includes links to further explanation and the text of the rule. From the Consumer Financial Protection Bureau
https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/52840-tarp.pdf
Latest report on the program that provided federal funds to prevent the U.S. financial system from collapse in 2008. Estimates that the costs amount to $33 billion. While transactions with some financial institutions resulted in a net gain for the government, assistance to AIG, automobile companies and mortgage closure avoidance accounted for the large costs. From the Congressional Budget Office
https://www.consumerfinance.gov/documents/4822/BecomingCreditVisible_Data_Point_Final.pdf
Finds that the way consumers establish credit history varies according to their economic background, with those in lower-income areas becoming credit visible due to negative debt collection records. Also finds that student loans are an increasing path to credit visibililty. From the Consumer Financial Protection Bureau
https://www.treasury.gov/press-center/press-releases/Documents/A%20Financial%20System.pdf
Describes the administration’s core principles for regulating the U.S. financial system. Responds to Presidential Executive Order 13772 to “identify laws, regulations, treaties, … and other government policies that inhibit federal regulation of the U.S. financial system. From the Treasury Department
https://www.treasury.gov/press-center/press-releases/Pages/sm0106.aspx
Agency press release describing the first of a series of reports examining the financial regulatory system of the U.S. and executive actions that can bring about changes. From the Treasury Department
https://nces.ed.gov/pubs2017/2017086.pdf
U.S. students scored higher than students from six other countries, lower than students from six countries, and the same as those in two other countries in tests involving knowledge of financial concepts, products, and risks. From the National Center for Education Statistics
Discusses the problems uncovered in the U.S. credit reporting industry and how the agency has corrected these problems through its oversight. From the Consumer Financial Protection Board.
https://fas.org/sgp/crs/misc/R44776.pdf
Discusses the scope of the money laundering problem, the government strategies used to combat it, and the resources available for the purpose. From the Congressional Research Service, posted by the Federation of American Scientists