The CFPB Defends its Constitutionality in Second Circuit

The CFPB Defends its Constitutionality in Second Circuit

← Previous Article Next Article → In an appeal filed last Friday, the Consumer Financial Protection Bureau (CFPB) argued that its organizational structure, including its “for-cause removal” provision, was constitutional because it met U.S. Supreme Court...
NAFSA Hosts Second Annual Tribal Lending Regulatory Workshop

NAFSA Hosts Second Annual Tribal Lending Regulatory Workshop

← Previous Article Next Article → Yesterday, the Native American Financial Services Association (NAFSA) hosted its Second Annual Tribal Lending Regulatory Workshop. Tribal lending regulators, compliance officers, attorneys, and tribal officials gathered at...
CFPB Director Kraninger Faces the Senate Banking Committee

CFPB Director Kraninger Faces the Senate Banking Committee

← Previous Article Next Article → Following a contentious hearing with the House Financial Services Committee last week, Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger testified before the Senate Banking Committee this morning in a...
Senate Democrats Attempt to Federally Enforce State Usury Laws

Senate Democrats Attempt to Federally Enforce State Usury Laws

← Previous Article Next Article → Senator Jeff Merkley (D-OR) and Congresswoman Suzanne Bonamici (D-OR) recently introduced the Stopping Abuse and Fraud in Electronic (SAFE) Lending Act, a bill that would require small-dollar lenders to register with the...
Opportunity Zones in Indian Country

Opportunity Zones in Indian Country

← Previous Article Next Article → The Tax Cuts and Jobs Act of 2017 introduced a new term to the tax code called Opportunity Zones. These are defined as an “economically-distressed community where new investments, under certain conditions, may be eligible...
Fintech Outpaces Banks and Credit Unions in Personal Loans

Fintech Outpaces Banks and Credit Unions in Personal Loans

← Previous Article Next Article → According to a recent report by TransUnion, personal loan balances reached a record $138 billion in 2018. The growth in personal loans was led by fintech firms, which made more personal loans than banks, credit unions, and...

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