CFPB Lacks a Process to Prioritize Financial Risks to Consumers
← Previous Article Next Article → In its first financial technology report released last week, the United States Government of Accountability (GAO) said that the Consumer Financial Protection Bureau (CFPB) does not have a process to prioritize work based on...
Court Reminds State Regulator of Tribal Sovereignty
← Previous Article Next Article → The Connecticut Superior Court recently issued a ruling in favor of the plaintiff in Great Plains Lending v. State of Connecticut Department of Banking, et al. The court argued that the state regulator erred in its...
Enforcing FCRA: State Agencies Can Do it Too
← Previous Article Next Article → The Fair Credit Reporting Act (FCRA), a U.S. Federal Government legislation that ensures the accuracy and fairness of credit reporting, is often mentioned in conjunction with the entities enforcing it such as the Consumer...
The U.S Government Accountability Office Releases First Financial Technology Report
← Previous Article Next Article → The United States Government of Accountability (GAO) has released its first report about financial technology (fintech) that advises agencies to provide a clearer picture on online lenders’ use of alternative data. What is...
First Broker-Dealer Charged with Violating the Bank Secrecy Act
← Previous Article Next Article → The U.S. Attorney for the Southern District of New York, Geoffrey Berman, has filed a criminal charge against Central States Capital Markets (CSCM), alleging that the broker-dealer violated the Bank Secrecy when it failed to... CFPB Director Kathy Kraninger Stops the Federal Agency’s Name Change
← Previous Article Next Article → The Consumer Financial Protection Bureau’s (CFPB) newly appointed director, Kathy Kraninger, has stopped efforts to change the name of the agency, according to an internal email she wrote to employees on Wednesday. In the...
California Tribe Creates New Jobs with Opening of Call Center
← Previous Article Next Article → The Habematolel Pomo of Upper Lake Tribe opened a new call center for its Tribal lending business in Lake County, California earlier this month that could provide up to 80 new jobs in the area. According to reports, the...
State and Local Governments Seek to Curtail Cashless Movement
← Previous Article Next Article → New Jersey might soon become the second state to ban cashless stores after the state’s Senate Commerce Committee voted unanimously in favor of a bill that would require businesses to accept cash. Massachusetts is currently...
