OCC Says Banks Can Offer Short-Term Loans
← Previous Article Next Article → Yesterday, in a bulletin titled “Core Lending Principles for Short-Term, Small-Dollar Installment Lending,” the Office of the Comptroller of the Currency (OCC) announced a new policy on short-term, small-dollar loans, which...
Supreme Court Vacates and Remands Washington Supreme Court Decision in Upper Skagit Indian Tribe v. Lundgren, Marking a Victory for Sovereign Immunity
← Previous Article Next Article → On Monday, the United States Supreme Court ruled 7-2 with tribal interests in the Upper Skagit Indian Tribe v. Lundgren case, giving the Tribe a procedural victory by vacating and remanding the Supreme Court of Washington’s...
FDIC Quarterly Banking Profile: Banking Industry Sees Net Income Rise More Than 27 Percent Post Tax Law
← Previous Article Next Article → At the start of 2018, bank earnings are up 27.5 percent over the previous year, rising to $56 billion. The massive quarterly haul was driven in large part by higher operating revenue and a corporate tax rate that was lowered...
NAFCU Sends Letter to CFPB Suggesting Changes to Enforcement Process
← Previous Article Next Article → This week, Ann Kossachev, on behalf of the National Association of Federally-Insured Credit Unions, sent a letter to the Consumer Financial Protection Bureau outlining suggested changes to the Bureau’s enforcement processes....
Paulette Jordan Wins Idaho Democratic Primary, Could Become First Native American Governor
← Previous Article Next Article → Earlier this week, Idaho state Representative Paulette Jordan won the Democratic Primary to face Lt. Gov. Brad Little in November’s Idaho gubernatorial election. Jordan, a proud member of the Coeur d’Alene Tribe who...
House Expected to Pass Bank Deregulation Bill Next Week, Pare Back Parts of Dodd-Frank
← Previous Article Next Article → GOP aides have told Politico that the House of Representatives will vote next Tuesday on the bank deregulation bill that passed the Senate in March. If passed, the measure would head to the President’s desk for signature....
Following Washington Post Investigation, McWatters’ Anticipated CFPB Nomination May Be in Jeopardy
← Previous Article Next Article → For weeks, J. Mark McWatters, currently heading the National Credit Union Administration, has been rumored to be President Trump’s pick to permanently lead the Consumer Financial Protection Bureau. Last week, however,...
Acting CFPB Director May Serve Until the End of 2018, or Beyond
← Previous Article Next Article → American Banker is reporting that the White House would like acting CFPB director Mick Mulvaney, who also heads the Office of Management and Budget, to remain in his post atop the consumer protection agency at least until...
