NAFSA Submits Comments on Indian Trader Regulations

NAFSA Submits Comments on Indian Trader Regulations

Today, the Native American Financial Services Association (“NAFSA”) submitted comments to the Department of the Interior’s Advance Notice of Proposed Rule Making regarding Indian Trader Regulations, a collection of federal rules that manage certain business...
New Mexico Caps Loan Rates and Bans Payday

New Mexico Caps Loan Rates and Bans Payday

New Mexico Governor Susana Martinez signed into law on Friday a bill capping small dollar loans at 175% APR and banning loan products with terms less than 120 days, effectively ending the practice of payday lending in the Land of Enchantment. New Mexico joins a...
Neil Gorsuch Confirmed as New Justice on the U.S. Supreme Court

Neil Gorsuch Confirmed as New Justice on the U.S. Supreme Court

On April 7th the Senate confirmed Judge Neil Gorsuch to the U.S. Supreme Court after lowering the threshold for confirmation to a simple majority the day prior. The Senate voted 54-45 in favor of elevating Gorsuch, formerly a judge on the Tenth Circuit Court of...
CFPB Issues Annual Report on Debt Collection

CFPB Issues Annual Report on Debt Collection

Late last week the Consumer Financial Protection Bureau (CFPB) issued its annual report on the agency’s administration of the Fair Debt Collection Practices Act (FDCPA). The report covers agency action in 2015, including the issuance of over $79 million in fines to...

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