Dec 28, 2020 | Federal Regulation, News
Biden Adds Two to Economic Team Last week, President-elect Joe Biden announced two new members of his White House economic team: David Kamin, who will serve as deputy director of the National Economic Council (NEC), and Bharat Ramamurti, who will be deputy NEC...
Dec 24, 2020 | Banks & Credit Unions, FinTech, News
FDIC Approves ILC Rule, Clearing Way for Corporations to Become Lenders Earlier this month, the Federal Deposit Insurance Corp. (FDIC) approved a final rule allowing major non-bank businesses to seek banking charters and begin lending to consumers as so-called...
Dec 23, 2020 | Congressional Legislation, News
Congress Passes New COVID Relief Bill After months of deliberation and negotiation, Congress approved a $900 billion economic recovery package earlier this week to help Americans mitigate economic impacts resulting from the COVID-19 pandemic. Since its passage,...
Dec 21, 2020 | Federal Regulation, News
Biden Picks Haaland for Secretary of Interior; Will Become First Native American Cabinet Official Earlier this month, President-elect Joe Biden chose representative Deb Haaland (D-N.M.) to lead the Department of the Interior. If confirmed by the Senate, Haaland would...
Dec 18, 2020 | Federal Regulation, News
Nevada Financial Regulators Move Forward With Database for Short-Term Lenders Members of Nevada’s Financial Institutions Division recently approved draft regulations clarifying details of a statewide database for short-term, high interest payday loans. The regulations...
