Trade Groups Seek Significant Changes to SEC Climate Proposal
Banking and mortgage trade groups have called for the Securities and Exchange Commission to significantly revise or even abandon its proposal to require public companies to disclose climate-related risks. In a letter commenting on the proposal, the Mortgage Bankers...J.D. Power: Consumer Loans Grow Among Financially Vulnerable
Activity in the consumer lending industry has grown over the past year, with financially vulnerable consumers making up nearly 40 percent of the customers, according to a new study from J.D. Power. The J.D. Power 2022 U.S. Consumer Lending Satisfaction Study found...
SEC Climate Regulations Could Ripple Through Banking Sector
As the federal government moves closer to requiring publicly traded companies, including stock banks, to disclose information related to climate change, other banks and even credit unions could feel the effects. The Securities and Exchange Commission has proposed a...
Report: 60 Percent of U.S. Credit Unions Face Climate Risks
More than 60 percent of U.S. credit unions could face risks to their businesses from the effects of climate change, according to a new report from Ceres and the Filene Research Institute. Ceres, a Boston-based nonprofit that examines sustainability challenges, said in...This Week’s Paper: Digital Edition
