CFPB Uses Enforcement Action to Press Payment-System Digital, Fee, Safety, Fairness Standards
Using an enforcement action today against ACTIVE Network, CFPB Director Chopra emphasized that this case epitomized broader Bureau concerns. These are monitoring use of “digital dark patterns” – i.e., design features that manipulate users into harmful behavior that are profitable for companies.
Treasury’s FIO Seeks Input On Climate-Related Data Collection
Taking further action in response to the President’s Executive Order on Climate-Related Financial Risk (see FSM Report GREEN8), Treasury’s Federal Insurance Office today requested comment on a proposed data collection regarding current and historical underwriting data on homeowners’ insurance from property and casualty insurers to assess climate-related financial risk.
HFSC Republicans Push Yellen to Support IFI Nuclear Energy Funding
In light of recent energy shortages in Europe, Ranking Member McHenry (R-NC) and Rep. Hill (R-AR) sent a letter today to Treasury Secretary Yellen urging her to support the European Bank for Reconstruction and Development and other IFIs financing nuclear energy projects. They claim that an absence of Western funding has allowed China and Russia to fill the void, especially in developing countries.