May 15, 2020 | Congressional Legislation, News
Udall Pushes to Increase Funding for Indian Health Facilities in Next COVID-19 Relief Package Last week, United States Senator Tom Udall (D-N.M.), who serves as vice chairman of the Senate Committee on Indian Affairs, was joined by 12 of his colleagues in sending a...
May 13, 2020 | Congressional Legislation, Federal Regulation, News
Senate Democrats Urge CFPB to Start Over on Payday Rule United States Senator Sherrod Brown (D-Ohio) was recently joined by 11 of his Senate colleagues in sending a letter to Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger, pressing her and the...
May 11, 2020 | Banks & Credit Unions, Federal Regulation, News
CFPB Releases Final Remittance Rule, Expanding Temporary Protections and Making Them Permanent Earlier today, the Consumer Financial Protection Bureau (CFPB) issued a final rule regarding remittance transfers, also known as international money transfers, which places...
May 8, 2020 | Congressional Legislation, News
Treasury and Interior Secretaries Announce Distribution of Coronavirus Relief Funds to Tribes United States Secretary of the Treasury Steven T. Mnuchin and Secretary of the Interior David L. Bernhardt recently announced that they had agreed upon a path forward to...
May 6, 2020 | Congressional Legislation, News
Senators Ask SBA Inspector General to Investigate Reports that PPP Lenders Prioritized Larger Clients Over Small Businesses in Urgent Need United States Senators Sherrod Brown (D-Ohio), Chuck Schumer (D-N.Y.), and Ben Cardin (D-Md.) recently sent a letter to Small...
May 4, 2020 | Federal Regulation, News
CFPB Report Shows Substantial Decline in Credit Applications in March According to a report issued last week by the Consumer Financial Protection Bureau (CFPB), consumer credit applications considerably declined in March, likely as a result of the COVID-19 pandemic....