← Previous Article Next Article → According to new data from TransUnion, which was reported in a Bloomberg story, personal loans have hit record highs in 2018 and are now the fastest-growing U.S. consumer lending category. The rising usage of personal loans,...
← Previous Article Next Article → Social Finance Inc. (SoFi) – an online finance company that provides lending products including student loan refinancing, personal loans, and mortgages – is reportedly seeking a $500 million line of credit from banks to...
← Previous Article Next Article → Last week, by unanimous consent, the United States Senate confirmed Tara Sweeney to serve as Assistant Secretary for Indian Affairs at the Department of the Interior. Sweeney is the first Alaska Native to serve in the...
← Previous Article Next Article → For the first time in five years, bank reputations are on the decline, according to the eighth Annual Survey of Bank Reputations conducted by American Banker and the Reputation Institute. The yearly study measures U.S....
← Previous Article Next Article → Earlier this week, the U.S. House of Representatives passed legislation introduced by Reps. Keith Ellison (D-Minn.) and Robert Pittenger (R-N.C.) that would help consumers build credit histories by allowing utility and...
← Previous Article Next Article → Last week, the Senate confirmed by voice vote the nomination of Jean Carol Hovland, an enrolled member of the Flandreau Santee Sioux Tribe, to serve as Commissioner of the Administration of Native Americans at the Department...
← Previous Article Next Article → Last Thursday, senior U.S. District Judge Loretta A. Preska ruled that the structure of the Consumer Financial Protection Bureau is unconstitutional and, as a result, the agency should be abolished. “Because the CFPB’s...
← Previous Article Next Article → According to the results of the latest round of supervisory stress tests undertaken by the Federal Reserve, 35 of the nation’s largest bank holding companies were found to have sufficient capital to lend to households and...
← Previous Article Next Article → In a column yesterday, the Wall Street Journal Editorial Board made the case that President Trump’s CFPB nominee Kathy Kraninger, announced over the weekend, has the qualifications necessary to lead the Bureau and should be...
← Previous Article Next Article → This week, in a column published on American Banker, Charlotte Corley argues that state financial services regulators may be gearing up to fill the void left by the CFPB’s shift away from enforcement under the Trump...
