Jul 6, 2020 | Congressional Legislation, News
Senate Indian Affairs Committee Hears Testimony on Seven Native American Bills Senator John Hoeven (R-N.D.), Chairman of the Senate Committee on Indian Affairs, held a hearing last week to receive testimony on seven bills meant to protect Native American communities....
Jul 3, 2020 | Congressional Legislation, News
Senate Banking Committee Holds Hearing on Digital Banking Earlier this week, the U.S. Senate Committee on Banking, Housing, and Urban Affairs conducted a remote hearing to examine “The Digitization of Money and Payments.” This comes as the COVID-19 pandemic has given...
Jul 1, 2020 | Federal Regulation, News
FDIC Issues Rule to Codify Permissible Interest on Transferred Loans The Federal Deposit Insurance Corporation (FDIC) recently issued a final rule to codify guidance that accurate interest rates are determined when loans are made, and not affected by any loan...
Jun 29, 2020 | Federal Regulation, Litigation, News
SCOTUS Rules that President Can Remove CFPB Director at Will, But Bureau Can Remain This morning, the Supreme Court issued its long-awaited decision in Seila Law LLC v. CFPB, ruling that the Consumer Financial Protection Bureau can remain in place, although the...
Jun 26, 2020 | Federal Regulation, News
Fed Adds Coronavirus-Related Scenarios to Annual Bank Stress Tests As part of the Federal Reserve’s annual stress tests, it is also assessing large banks’ abilities to handle recession scenarios related to the COVID-19 pandemic. According to a press release announcing...
