May 15, 2019 | Congressional Legislation, FinTech, News
← Previous Article Next Article → Congresswoman Maxine Waters (D-CA), chairwoman of the House Financial Services Committee, announced on May 9 the creation of a new task force on financial technology (fintech). According to the press release, the task force...
May 13, 2019 | Congressional Legislation, News
← Previous Article Next Article → Senator Bernie Sanders (I-VT) and Congresswoman Alexandria Ocasio-Cortez (D-NY) have joined forces to propose legislation that would cap interest rates on credit cards at 15 percent and allow the U.S. Postal Service to offer...
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...
