House Mulls Contempt Charges for CFPB Director

House Mulls Contempt Charges for CFPB Director

On the heels of passing a bill that would severely curtail the authority of the Consumer Financial Protection Bureau (CFPB), House Financial Services Committee Chairman Representative Jeb Hensarling (R- TX) is considering holding CFPB Director Richard Cordray in...
House Votes to Overhaul Dodd-Frank, Now Senate’s Turn to Review

House Votes to Overhaul Dodd-Frank, Now Senate’s Turn to Review

On June 8th, the U.S. House of Representatives voted 233-186 to advance the Financial CHOICE Act to the Senate and continue the long process toward major revisions to the Dodd-Frank Act, a banking reform and consumer protection law passed by a bipartisan Congress...
Trump Taps Former Banking Exec to Head OCC

Trump Taps Former Banking Exec to Head OCC

President Trump is expected to nominate Joseph Otting, an ally and former employee of Secretary of the Treasury Steve Mnuchin’s OneWest Bank, to manage the Office of the Comptroller of the Currency (OCC). Otting brings an extensive background in commercial banking...
NAFSA: Chairman LaMalfa “off to a good start”

NAFSA: Chairman LaMalfa “off to a good start”

In a recent article in Indian Country Today, NAFSA executive director Gary Davis offered his thoughts on California Rep. Doug LaMalfa, who is the new chairman of the Subcommittee on Indian, Insular and Alaska Native Affairs on the House Natural Resources Committee....
ABA Carves Irresponsible Path Toward Small Dollar Bank Lending

ABA Carves Irresponsible Path Toward Small Dollar Bank Lending

The American Bankers Association (ABA) recently published a report, titled “Small Dollar Credit, Millions of Small Needs Add Up to a Big Deal: Banks Should Be Allowed to Offer Customers Multiple Choices,” detailing the potential entry of banks into small dollar...

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