Senate Banking Committee Has Two New Democratic Members

Senate Banking Committee Has Two New Democratic Members

← Previous Article The Senate Banking Committee, one of the most coveted committees in Congress, has gained two new Democratic members, Senator-elect Kyrsten Sinema (D-AZ) and Senator Tina Smith (D-MN). They will replace Senators Joe Donnelly (D-IN) and Heidi...
CFPB Issues New Fair Lending Report

CFPB Issues New Fair Lending Report

← Previous Article Next Article → The Consumer Financial Protection Bureau (CFPB) released its annual Fair Lending Report last week, which covers the agency’s efforts to “fulfill its fair lending mandate” during the 2017 calendar year. Thus, most of the...
Kraninger Provides First Public Remarks as Director of the CFPB

Kraninger Provides First Public Remarks as Director of the CFPB

← Previous Article Next Article → On her first day as head of the Consumer Financial Protection Bureau (CFPB), Kathy Kraninger held a press conference where she announced a three-month listening tour with the agency’s stakeholders, which would include...
3 Steps to Keeping a Budget this Holiday Season

3 Steps to Keeping a Budget this Holiday Season

← Previous Article Next Article → Budgeting your personal finances is vital all year but even more essential during the holiday season when spending can be at an all-time high. To help you create a budget, the Native American Financial Services Association...
Mulvaney’s Last Act at the CFPB

Mulvaney’s Last Act at the CFPB

← Previous Article Next Article → Mick Mulvaney, the former acting director of the Consumer Financial Protection Bureau (CFPB), issued a proposed rule change on “No-Action Letters” that has drawn praise from the financial sector and criticism from consumer...
CFPB to BCFP: A Change that Could Cost Millions of Dollars

CFPB to BCFP: A Change that Could Cost Millions of Dollars

← Previous Article Next Article → If the Consumer Financial Protection Bureau (CFPB) changes its name to the Bureau of Consumer Financial Protection (BCFP), it could end up costing businesses $300 million, according to an internal agency analysis leaked to...
Treasury Department Argues Against Postal Banking

Treasury Department Argues Against Postal Banking

← Previous Article Next Article → The U.S. Postal Service (USPS) should stay away from postal banking, according to a recently released report by the Department of Treasury. The report’s primary goal was to “identify a path for the USPS to operate under a...
Senate Confirms Kraninger as Director of the CFPB

Senate Confirms Kraninger as Director of the CFPB

← Previous Article Next Article → On December 6, the Senate voted along party lines to confirm Kathy Kraninger as the new director of the Consumer Financial Protection Bureau (CFPB). Kraninger will take over the federal agency from Mick Mulvaney, who has...
Appeals Court Upholds $1.3 Billion Award Against Scott Tucker

Appeals Court Upholds $1.3 Billion Award Against Scott Tucker

← Previous Article Next Article → The Ninth Circuit Court of Appeals upheld a $1.3 billion award against Scott Tucker’s loan companies, rejecting Tucker’s arguments that the loan agreements were not unfair or deceptive. In the published opinion, U.S. Circuit...
The Fed Voices Concern over Rising Corporate Debt

The Fed Voices Concern over Rising Corporate Debt

← Previous Article Next Article → The Federal Reserve (Fed) issued its first-ever Financial Stability Report where it praised the financial sector for being strongly capitalized while voicing concern over the historically high level of corporate debt. In the...

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