May 10, 2019 | Banks & Credit Unions, Congressional Legislation, News
← Previous Article Next Article → On April 25, NAFSA published an article stating that pressure was mounting for Congress to act on cannabis legislation. At the time, 24 state regulators wrote a letter urging Congress to allow state-chartered banks to work...
Apr 19, 2019 | Congressional Legislation, News, Tribal Sovereignty
← Previous Article Next Article → Earlier this week, the U.S. Department of Treasury released a second tranche of highly anticipated regulations on opportunity zones. The new regulations are meant to provide guidance and answers to the many questions that...
Apr 16, 2019 | Congressional Legislation, News, Tribal Sovereignty
← Previous Article Next Article → In its Annual Performance Report, the Small Business Administration (SBA) announced that to cover the costs of its 7(a) loan guaranty program, SBA would either have to raise fees or it would need an additional $99 million...
Mar 26, 2019 | Congressional Legislation, Litigation, News
← Previous Article Next Article → Federal District Judge Lee Yeakel provided a reprieve to short-term, small-dollar lenders last week by continuing to “stay” the Consumer Financial Protection Bureau’s (CFPB) Small-Dollar Rule. The rule’s provisions were...
Mar 20, 2019 | Congressional Legislation, News
← Previous Article Next Article → Earlier today, the Consumer Financial Protection Bureau (CFPB) issued a request for comments on the Equal Credit Opportunity Act (ECOA), a federal law that makes it illegal for any creditor to discriminate against any...
Mar 11, 2019 | Congressional Legislation, Federal Regulation, News
← Previous Article Next Article → Senator Jeff Merkley (D-OR) and Congresswoman Suzanne Bonamici (D-OR) recently introduced the Stopping Abuse and Fraud in Electronic (SAFE) Lending Act, a bill that would require small-dollar lenders to register with the...