NAFSA NEWS & UPDATES

FEATURED HEADLINES

Hensarling Still Confident of Dodd-Frank Overhaul

Following a contentious committee hearing on the constitutionality of the Consumer Financial Protection Bureau (CFPB), Rep. Jeb Hensarling (R- TX), Chairman of the House Financial Service Committee, remains convinced that the CFPB’s parent legislation, the Dodd-Frank...
Read More

Informing the Misinformed: the Regulatory Sophistication of Tribal Online Lending

Industry leaders in e-commerce and online payments gathered last week at Harvard University for Innovation Project 2017. Innovation Project, a two-day conference created by the web publication PYMNTS.com, brings executives and innovators in banking, lending, shopping,...
Read More
Gorsuch Flake Indian Tribes Sovereignty

Gorsuch Answers Questions on Tribal Issues Record During Confirmation Hearing

Neil Gorsuch, nominee to the U.S. Supreme Court, fielded questions on the second day of his confirmation hearing from the Senate on March 22nd about his record on Native American issues as a judge on the Tenth Circuit Court. The Tenth Circuit includes states with a...
Read More
OCC Releases Draft Licensing Manual for FinTech Charters

OCC Releases Draft Licensing Manual for FinTech Charters

The OCC recently published its draft licensing manual for FinTech companies interested in limited-purpose national bank charters. Although not participating in all banking activities, OCC chartered FinTech companies would still need to comply with all federal banking...

read more
New Bill in Senate Could Establish CFPB Inspector General

New Bill in Senate Could Establish CFPB Inspector General

Senator Rob Portman (R- OH) introduced new legislation on March 15th intended to improve transparency and accountability at the Consumer Financial Protection Bureau (CFPB) by establishing an Inspector General at the independent federal agency. The new CFPB Inspector...

read more
Update on the Constitutionality of the CFPB: PHH v. CFPB

Update on the Constitutionality of the CFPB: PHH v. CFPB

The constitutionality of the structure of the Consumer Financial Protection Bureau’s (CFPB) authority continues to be debated in Congress and federal courts. Back in October 2016, the federal circuit court in Washington, D.C. found that the single director management...

read more
NAFSA’s Week on the Hill

NAFSA’s Week on the Hill

Last week, I spent several days on Capitol Hill to meet with lawmakers and staff on key committees. While there, I discussed the growing financial services industry and why federal law and regulation is holding it back. I met with members of the House Financial...

read more
CFPB Looks to Clean Up Credit Reporting

CFPB Looks to Clean Up Credit Reporting

The Consumer Financial Protection Bureau (CFPB) announced last week that it intends to improve all areas of the credit reporting process. Since its inception in 2010, the CFPB has received nearly 200,000 complaints related to credit reporting. The agency noted its...

read more

Pin It on Pinterest