The OCC Seeks Changes to the Community Reinvestment Act
← Previous Article Next Article → Last week, the Office of the Comptroller of the Currency (OCC) issued an advance notice of proposed rulemaking (ANPR) seeking public input on how to modernize the Community Reinvestment Act (CRA). Those who are interested...
LVD Chairman: “Rent-a-Tribe” is an Offensive Slur that Should be Retired Permanently
← Previous Article Next Article → An opinion column out today in the Port Huron Times Herald pushes back against the phrase “rent-a-tribe.” The article was authored by James Williams Jr., the longtime chairman of the Lac Vieux Desert Band of Lake Superior...
Indian Affairs Chairman Remembers Senator John McCain’s Work on Native Issues
← Previous Article Next Article → Following the passing of Senator John McCain (R-Ariz.) on Saturday, Senator John Hoeven (R-N.D.), who currently chairs the U.S. Senate Committee on Indian Affairs, released a statement highlighting McCain’s work on the...
CFPB Assistant Director Resigns, Accuses Bureau of Abandoning Consumers
← Previous Article Next Article → In a letter sent today to CFPB Acting Director Mick Mulvaney, Seth Frotman, who has served at the Bureau for the past seven years, tendered his resignation, writing that “after 10 months under your leadership, it has become...
Mexico’s Incoming Government Sees Fintech as a Path to Greater Financial Inclusion
← Previous Article Next Article → In Mexico, where only one-third of adults currently have bank accounts, senior officials are looking to fintech companies and banks to increase participation in the financial system, according to a story in Reuters. In its...
Kraninger Nomination Clears Senate Committee, Advances to Full Senate for Consideration
← Previous Article Next Article → Earlier today, the Senate Committee on Banking, Housing, and Urban Affairs met in executive session to consider a slate of nominations, including that of Kathy Kraninger, President Trump’s nominee to head the Consumer...
CSBS Chair Says FDIC Should Look to State Regulator Experience
← Previous Article Next Article → In a new column for American Banker, Charlotte Corley, who serves as chair of the Conference of State Bank Supervisors (CSBS) and as commissioner of the Mississippi Department of Banking and Consumer Finance, argues that the...
Credit Unions Suggest NCUA’s PAL Proposal Needs More Work
← Previous Article Next Article → At the end of May, the National Credit Union Administration proposed a rule that would provide credit union member with more options to offer short-term, small-dollar lending products. These products would come on top of the...
