Consumer Financial Protection Bureau Reinstates Advisory Boards
← Previous Article Next Article → On Friday, the Consumer Financial Protection Bureau (CFPB) reinstated its advisory boards, including the Consumer Advisory Board, the Community Bank Advisory Council, and the Credit Union Advisory Council. The reinstatement...
Supreme Court Nominee Considers the Consumer Financial Protection Bureau Unconstitutional
← Previous Article Next Article → Brett Kavanaugh, President Trump’s Supreme Court nominee to replace the now-retired Justice Anthony Kennedy, has faced rounds of questions this week from members of the U.S. Senate’s Judiciary Committee. Although Kavanaugh...
Citizens Bank, N.A. Argues Sustained Overdraft Fees Aren’t Interest
Rhode Island-based Citizens Bank, N.A, is requesting an appeals court to affirm a Massachusetts federal judge’s decision to dismiss a proposed class action lawsuit that alleges the bank’s sustained overdraft fees are actually illegal interest charges. Citing a 2007...
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...
