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...
Dec 16, 2020 | Federal Regulation, Financial Literacy, News
CFPB Quarterly Trends Report Explores Prevalence of Payment Information in Consumer Credit Reporting Last month, the Consumer Financial Protection Bureau (CFPB) released its most recent consumer credit trends report, examining the rates of actual payment information...
Dec 14, 2020 | Banks & Credit Unions, News
Growth in Consumer Credit Use Slows as Balances Continue to Decline Recent data released by the Federal Reserve show that as the COVID-19 pandemic has continued its trend of limited consumer purchases and declining credit card balances, U.S. consumer credit growth has...
Dec 11, 2020 | Congressional Legislation, News
Senate Indian Affairs Committee Holds Hearing on Tribal Sovereignty, Self-Determination, and Consultation Earlier this week, U.S. Senator John Hoeven (R-N.D.), Chairman of the Senate Committee on Indian Affairs, convened a hearing on “From Languages to Homelands:...
Dec 9, 2020 | Congressional Legislation, Federal Regulation, News
Waters Pushes Biden to Reverse Trump’s Financial Services Deregulation Last week, House Financial Services Committee (HFSC) Chairwoman Maxine Waters (D-Calif.) sent a letter to President-elect Joe Biden urging his administration to reverse deregulatory actions in the...