Latest Updates | December 2021
Over the course of almost two years, the economy has faced unprecedented challenges. The COVID-19 pandemic, followed by changes in the presidential administration, has created a new environment with increased regulatory oversight. In comparison to the previous administration, the Biden administration has embraced the more active role of financial regulatory agencies and has taken concrete steps by appointing key leadership roles in financial regulatory agencies:
Guidehouse continues to monitor ongoing industry and political changes to support clients in addressing and managing compliance and regulatory risks while focusing on market opportunities. Prior to providing a more in-depth analysis for the next quarter, Guidehouse would like to share market insights from regulators that could potentially impact current and future trends.
Along with continued cross-agency collaboration and a focus on fair lending, Guidehouse has observed increased attention on FinTechs and their consumer data practices.
Guidehouse’s Financial Services Enforcement Actions Tracker compiles publicly available data from both federal and state regulators regarding quarterly enforcement actions against financial institutions. First published in 2016, the Tracker showcases the types of activities that consumer finance-focused regulators are currently monitoring and helps the audience better address the trends and challenges in today’s regulatory environment. Download the PDF for the full report.
Special thanks to Perry Clark and Nina Jankovic for contributing to this article.