FDIC Seeks Public Comments on Small-dollar Lending
← Previous Article Next Article → The Federal Deposit Insurance Corporation (FDIC) announced yesterday that it is seeking information on small-dollar lending, specifically in regards to “consumer demand for small-dollar credit products, the supply of...
Congressional Leadership Roles Begin Taking Shape
← Previous Article Next Article → Last week, House Republican Patrick McHenry (R-NC-10) officially announced his intent to run for the ranking member position on the House Financial Services Committee. If elected, he will be sitting alongside Representative...
Judge Delays Small-dollar Rule’s Compliance Date
← Previous Article Next Article → A federal judge delayed the compliance date of the Consumer Financial Protection Bureau’s (CFPB) rule for “Payday, Vehicle Title, and Certain High-Cost Installment Loans,” commonly referred to as the Small Dollar or Payday...
Colorado Voters Approve Ballot Measure Capping Interest Rates on Short-Term Loans
← Previous Article Next Article → A majority of Colorado voters supported a ballot measure on Tuesday that would cap interest rates on payday loans at 36 percent and restrict certain lenders from collecting monthly maintenance and origination fees. This most...
Native American Representation Increases in a Historic Election
← Previous Article Next Article → U.S. voters sent a record number of Native Americans to Congress during the 2018 midterm elections. Making this an even more historic moment, two of them will be the first Native American women to ever walk the halls of...
A Divided Congress: What It Means for Financial Services
← Previous Article Next Article → A Divided Congress: What It Means for Financial Services On November 6, 2018, an increasingly polarized electorate voted for a divided Congress. Democrats took control of the House while Republicans maintained a...
State Investigations into Redlining Continue
← Previous Article Next Article → In mid-October, Pennsylvania’s Attorney General Josh Shapiro ratcheted up an investigation into redlining by calling on Philadelphia residents to file official complaints if they feel they have been redlined when applying...
Mulvaney and the Decline in Enforcement Actions at the CFPB
← Previous Article Next Article → Over the past year, there has substantial concern among consumer watchdogs that the Consumer Financial Protection Bureau (CFPB) has initiated fewer enforcement actions against financial services companies under Acting...
