The constitutionality of the structure of the Consumer Financial Protection Bureau’s (CFPB) authority continues to be debated in Congress and federal courts. Back in October 2016, the federal circuit court in Washington, D.C. found that the single director management...
Last week, I spent several days on Capitol Hill to meet with lawmakers and staff on key committees. While there, I discussed the growing financial services industry and why federal law and regulation is holding it back. I met with members of the House Financial...
The Consumer Financial Protection Bureau (CFPB) announced last week that it intends to improve all areas of the credit reporting process. Since its inception in 2010, the CFPB has received nearly 200,000 complaints related to credit reporting. The agency noted its...
House Resolution 1009 passed the U.S. House of Representatives on Friday, March 3rd, by a vote of 241-184 to require the Consumer Financial Protection Bureau (CFPB) and the National Credit Union Administration (NCUA) to submit all rules to the Office of Management of...
The U.S. Census Bureau reported in 2014 that the financial services sector of e-commerce totaled more than $14 trillion. Tribal lending enterprises (TLEs) are estimated to contribute $2 billion annually to e-commerce in the United States. While only amounting to a...
Earlier this morning the U.S. Senate confirmed Rep. Ryan Zinke (R- MT) as the 52nd U.S. Secretary of the Interior. Secretary Zinke will oversee a diverse collection of federal agencies including the National Park Service, Minerals Management Service, Bureau of...
