Apr16 OBL Applauds Court Decision Vacating CFPB’s Credit Card Late Fee Rule
On Tuesday, a federal judge threw out a CFPB rule capping credit card late fees at $8, citing that the rule that was adopted during the Biden Administration was illegal.
Apr09 Ohio Budget Update - Omnibus Amendment 4.9.25
Last week, OBL shared an overview of the Ohio Operating Budget bill and how the early phases of the process for working up and passing the largest piece of state legislation play out. After initial amendments to the bill, House Bill 96, were adopted and became public, staff reported on a few key provisions we’re tracking including minor ESG changes at the Treasurer of State’s office, Earned Wage Access (EWA), and changes to the Financial Literacy Education Fund. Last week’s update can be read here.
This week, the House Finance Committee adopted what is called an omnibus amendment. This is another round of amendments to the bill to make any additional changes the House wanted before the bill was voted out of the committee and sent to the House floor for a vote of the full chamber, which will occur this afternoon.
Apr09 OCC Notifies Congress of Incident Involving Email System
The Office of the Comptroller of the Currency (OCC) today notified Congress of a major information security incident, as required by the Federal Information Security Modernization Act.