President Trump recently nominated James Clinger to serve on the board of the Federal Deposit Insurance Corporation (FDIC) beginning November 29th. The FDIC is an independent federal agency that insures bank deposits and supervises banking institutions. Clinger will...
Choctaw Nation of Oklahoma citizen and Associate Professor of Business at New Mexico State University Gavin Clarkson was recently hired to serve as the Deputy Assistant Secretary for Policy and Economic Development at the U.S. Bureau of Indian Affairs (BIA). His...
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 created the Consumer Financial Protection Bureau (CFPB) and granted the agency broad supervisory, enforcement, and rulemaking authority over financial service providers. Along with almost 20...
At the directive of the President, on June 12th the Department of the Treasury issued a report on revising regulations to create economic opportunities for the banking and finance industry. The report includes a number of proposals on changes that could be made to the...
Newly appointed Justice Neil Gorsuch issued his first opinion on June 12th for a unanimous court in a case concerning who qualifies as a debt collector under the Fair Debt Collection Practices Act (FDCPA). In Henson v. Santander Consumer USA Inc., Santander...
The Consumer Financial Protection Bureau recently released a follow up to its 2015 study on credit invisibility in the United States. A person is “credit invisible” when they lack the data needed to calculate a credit score (invisible) or their credit data is so old...
