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...
NAFSA Adds Three Staff Members with New Director of Policy and Research, Communications Manager, and Marketing Manager
← Previous Article Next Article → This week, NAFSA announced three new strategic hires to help advance the organization’s mission of advocating for Tribal sovereignty, promoting responsible financial services, and providing better economic opportunity in...
Senate Democrats Ask Mulvaney to Protect Military Borrowers
← Previous Article Next Article → Yesterday, every Democratic member of the U.S. Senate signed a letter led by Sens. Jack Reed (D-R.I.), who serves as Ranking Member of the Armed Services Committee; Sherrod Brown (D-Ohio), who serves as Ranking Member of the...
Conference of State Bank Supervisors CEO Blasts OCC’s Fintech Charter
← Previous Article Next Article → In a column published last week in American Banker, John Ryan, president and CEO of the Conference of State Bank Supervisors (CSBS), blasted the Office of Comptroller of the Currency’s decision to accept applications for...
Fintech Startups Move Toward Subprime Credit Card Lending
← Previous Article Next Article → A growing trend so far this year is the rise of financial technology startups that are beginning to offer credit card products to customers with poor credit histories, according to an article in the Wall Street Journal. This...
Sharice Davids Prevails in Kansas Democratic Primary, Could Become First Native American Woman in Congress
← Previous Article Next Article → Last month, we wrote about Deb Haaland, an enrolled member of the Pueblo of Laguna who won the nomination to run for Congress in New Mexico’s first Congressional district. After her victory, Indian country and national news...
NAFCU Asks CFPB to Exempt All Payday Alternative Loans from Payday Lending Rule
← Previous Article Next Article → Last October, when the agency was still helmed by former Director Richard Cordray, the Consumer Financial Protection Bureau finalized a rule that required lenders to determine up front whether people can afford to repay...
CFPB Teams Up With International Regulators to Create Global Financial Innovation Network
← Previous Article Next Article → Yesterday, the Consumer Financial Protection Bureau (CFPB) announced a new partnership with 11 financial regulators and related organizations to create the Global Financial Innovation Network (GFIN). According to a press...
