NAFSA NEWS & UPDATES

Tribal Lending and the Return of Positive Migration

Tribal Lending and the Return of Positive Migration

Migration is not a new concept to Native Americans. Whether it was voluntarily following the bison herds across the Great Plains or forced removal across the Mississippi River by the federal government, tribal communities have both persevered and felt the detrimental...

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CSBS Announces FinTech Charter Alternative

CSBS Announces FinTech Charter Alternative

The Conference of State Bank Supervisors (CSBS) announced recently a new plan for the regulation of FinTech and non-bank financial institutions dubbed Vision 2020. The initiative seeks to standardize state regulatory systems and develop a data sharing accord that...

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Federal Reserve Blasts CFPB Data Security in Report

Federal Reserve Blasts CFPB Data Security in Report

A report published this week by the Office of the Inspector General (OIG) of the Federal Reserve detailed chronic problems at the Consumer Financial Protection Bureau (CFPB) and the agency’s poor protection of sensitive information used in enforcement investigations....

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Mnuchin Talks Dodd-Frank Reform at Senate Hearing

Mnuchin Talks Dodd-Frank Reform at Senate Hearing

Secretary of the Treasury Steven Mnuchin spoke with Senate Banking Committee members on May 18th about tax cuts and Dodd-Frank reform. The hearing was part of a “Domestic and International Policy Update.” Secretary Mnuchin is expected to release a report soon that...

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The Mortgage Crisis and the Era of Dodd-Frank

The Mortgage Crisis and the Era of Dodd-Frank

Americans purchased 5.5 million homes in 2016, the highest number in ten years, but still millions below pre-recession levels. The year of 2008 was a modern low point for homeowners after a housing bubble and subprime mortgage crisis caused household net worth to...

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Schumer Touts Former CFPB Official for FTC Commissioner

Schumer Touts Former CFPB Official for FTC Commissioner

Senate Minority Leader Chuck Schumer (D- NY) spoke this week with President Trump about filling a Democratic vacancy on the Federal Trade Commission’s (FTC) governing board. Senator Schumer recommended the President add Rohit Chopra, a fellow at the Consumer...

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Commerce Secretary Downplays Expected Economic Growth

Commerce Secretary Downplays Expected Economic Growth

Secretary of Commerce Wilbur Ross recently discussed America’s disappointing first quarter economic output and the likelihood of achieving three percent growth during President Trump’s first year in office. Secretary Ross put much of the blame for the slow growth...

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Marketplace Lenders Fight Decline, Seek Answers

Marketplace Lenders Fight Decline, Seek Answers

Marketplace loans are a unique form of credit where investment capital is funneled through online platforms to consumers and small businesses. What originally began as peer-to-peer financing has now grown into a multibillion dollar sector in FinTech with millions in...

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NAFSA: Investing in Tribal Economic Growth

NAFSA: Investing in Tribal Economic Growth

Indian Country Today recently ran a story about NAFSA, and what we are trying to accomplish for Indian Country and our member tribes and tribal entities. We encourage you to read the full article, but we wanted to highlight the sections that really explain why tribal...

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Senate Clears Own Path with Dodd-Frank Reform

Senate Clears Own Path with Dodd-Frank Reform

Following passage by the Financial Services Committee last week, legislation to significantly amend the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act is now slated to come before a full vote of the U.S. House of Representatives sometime...

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CSBS Sues OCC Over FinTech Charters

CSBS Sues OCC Over FinTech Charters

The Conference of State Bank Supervisors (CSBS) filed a lawsuit on April 26th seeking declaratory and injunctive relief against the Office of the Comptroller of the Currency’s (OCC) recent FinTech chartering system. In its complaint, the CSBS voiced concerns over the...

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