Trump Taps Former Banking Exec to Head OCC

Trump Taps Former Banking Exec to Head OCC

President Trump is expected to nominate Joseph Otting, an ally and former employee of Secretary of the Treasury Steve Mnuchin’s OneWest Bank, to manage the Office of the Comptroller of the Currency (OCC). Otting brings an extensive background in commercial banking...
NAFSA: Chairman LaMalfa “off to a good start”

NAFSA: Chairman LaMalfa “off to a good start”

In a recent article in Indian Country Today, NAFSA executive director Gary Davis offered his thoughts on California Rep. Doug LaMalfa, who is the new chairman of the Subcommittee on Indian, Insular and Alaska Native Affairs on the House Natural Resources Committee....
ABA Carves Irresponsible Path Toward Small Dollar Bank Lending

ABA Carves Irresponsible Path Toward Small Dollar Bank Lending

The American Bankers Association (ABA) recently published a report, titled “Small Dollar Credit, Millions of Small Needs Add Up to a Big Deal: Banks Should Be Allowed to Offer Customers Multiple Choices,” detailing the potential entry of banks into small dollar...
Trump Budget Eliminates New CDFI Funding

Trump Budget Eliminates New CDFI Funding

President Trump’s proposed budget for the federal government’s fiscal year 2018 includes the near elimination of the Community Development Financial Institution (CDFI) Fund, reducing the program’s budget from $248 million to $14 million. CDFIs provide a wide range of...

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