← Previous Article Next Article → The Third Circuit this week affirmed a district court ruling that found an arbitration clause in a loan agreement for Western Sky/CashCall was unenforceable, due to the fact the clause disavowed federal and state law in...
← Previous Article Next Article → The U.S. Department of Justice this week filed its opposition brief to an appeal made by Consumer Financial Protection Bureau (CFPB) Deputy Director Leandra English in her bid to unseat Mick Mulvaney as interim director of...
← Previous Article Next Article → Earlier this month, Pew Charitable Trusts, an organization founded on religious conviction and oil profits, published a report advocating for an increased presence from banks and credit unions in alternative financial...
← Previous Article Next Article → After a lawsuit initiated by 30 state attorneys general a few years ago, the three major credit bureaus, TransUnion, Experian, and Equifax, instituted the National Consumer Assistance Plan (NCAP) to address inaccuracies in...
← Previous Article Next Article → A group of Democratic senators and representatives, lead by Senator Jeff Merkley introduced a bill on February 13th called the Stopping Abuse and Fraud in Electronic (SAFE) Lending Act of 2018 that would require small dollar...
← Previous Article Next Article → The House this week passed the Protecting Consumers’ Access to Credit Act of 2017 in the hopes of overturning a court decision in the Second Circuit that previously refused to extend the National Bank Act’s rate exporting...
← Previous Article Next Article → A coalition of prosecutors and federal bank regulators issued a fine of $613 million to U.S. Bank late last week in connection with violations of the Bank Secrecy Act. The bank got in hot water with regulators in part for a...
← Previous Article Next Article → On February 15th, NAFSA held a first-of-its-kind workshop for tribal lending regulators, business officers, attorneys, and tribal officials at the organization’s headquarters in Washington, D.C. NAFSA members joined from...
← Previous Article Next Article → President Trump presented his proposal for the federal government’s FY 2019 budget on February 12th. Through his proposal, Trump hopes to end wasteful spending, expand economic growth and opportunity, support American...
← Previous Article Next Article → Despite having only issued a 5-year strategic plan back in October, the Consumer Financial Protection Bureau (CFPB) released a new strategic plan under the guidance of interim director Mick Mulvaney. Having only been on the...
