NAFSA NEWS & UPDATES

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UPDATE: Tug-o-War The Unpredictable Fate of the CFPB

Recently, the Consumer Financial Protection Bureau (CFPB) received increased scrutiny from all three branches of the federal government. Now facing an uncertain future, the agency could see changes relatively soon. What will be the fate of the CFPB? What is the CFPB...
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Hensarling , the CHOICE Act and CFPB UDAAP Authority

On February 6th, the Chairman of the House Financial Services Committee, Rep. Jeb Hensarling (R- TX), shared a memorandum to his leadership team outlining his vision on restructuring the Dodd-Frank Act, including subjecting the Consumer Financial Protection Bureau...
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FinTech 101

You may have heard the word “FinTech,” but what exactly does it mean? FinTech stands for “financial technologies” and represents new financial methods of services such as smart phone money transfers, online small business loans, bitcoin and blockchain based public...
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NAFSA Says “No” to the Google Ban

NAFSA Says “No” to the Google Ban

In July 2016 Google announced a policy change around payday loans and banned ads for financial solutions and various kinds of online loans. While this total ban may weed out some predatory payday loans or those with extremely high APRs, NAFSA believes that this ban...

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A Secure Future: The Regulatory Rigors of Tribal Lending

A Secure Future: The Regulatory Rigors of Tribal Lending

Tribal online lending represents around ten percent of the $20 billion online lending sector. Only a few years ago, tribes began entering this industry with mixed results. Tribes chose to partner with non-tribal businesses that offered a myriad of services in online...

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