"I want the truth, sir," Rep. Ann Wagner, R-Mo., told CFPB Director Richard Cordray. But it sure didn't seem that way.
House Financial Services Committee members asked CFPB Director Richard Cordray tough questions this week — but they let their own theatrics trump substance, using their time to berate the CFPB chief rather than engaging in substantive discussion.
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Rep. Patrick McHenry, R-N.C., is readying a package of bills, one of which could provide financial tech firms with national standards, so that they wouldn't have to comply with the various state regulations. more »
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The financial services technology provider Jack Henry & Associates is the latest company to collaborate with The Clearing House to speed processing, a move that will substantially increase the number of banks capable of executing faster payments. read more »