The Financial Stability Oversight Council (“FSOC”) will meet on January 21, 2015. During its executive session the FSOC’s discussion is expected to include matters related to leveraged lending. The public portion of the meeting will consider, among other things, the Council’s process for considering nonbank financial companies for potential designation as systemically important. Meeting Notice.
CFPB Proposes “Safe Student Account Scorecard”
On January 14th, the Consumer Financial Protection Bureau (“CFPB”) requested comment on a proposed “Safe Student Account Scorecard” that would help colleges access upfront information about checking and prepaid account fees, features, and sales tactics before agreeing to a sponsorship. Comments should be submitted on or before March 16, 2015. CFPB Press Release.