American Bankers Association Calls for Innovation “Inside and Outside Banking System” in White Paper to Treasury
← Previous Article Next Article → Last week, in a white paper sent to the Department of Treasury, the American Bankers Association outlined several recommendations to promote responsible innovation in the fintech space. Both startups and traditional banks...
PHH Opts Against Appealing CFPB Case to SCOTUS
← Previous Article Next Article → This week, PHH Corp decided against appealing the January decision that found the Consumer Financial Protection Bureau’s single-director structure was permissible under the U.S. Constitution. The case, launched in 2015 and...
Judge Tosses CSBS Suit Challenging OCC’s FinTech Charter Proposal
← Previous Article Next Article → A federal judge this week dismissed a lawsuit by the Conference of State Bank Supervisors (CSBS) testing the Office of the Comptroller of the Currency’s (OCC) proposal to grant special purpose bank charter to financial...
Supreme Court Enters E-Commerce Tax Debate
← Previous Article Next Article → Online retail is becoming big business. Last year, it accounted for 13% of total retail sales and contributed 49% of the industry’s growth. Despite massive growth and ubiquity, the collection of sales tax from online...
Fed Contemplates Offering Online Banking Services
← Previous Article Next Article → The Federal Reserve Bank of St. Louis has published new research on the reasons why America’s central bank should not issue its own cryptocurrency. While the St. Louis Fed discourages the adoption of a government-backed...
New Designations Could Spur Innovation in Indian Country
← Previous Article Next Article → As many states are nearing the economic definition of full employment, many tribal communities still struggle with job creation and business development. However, the recent announcement of a few new federal programs could...
Treasury Updates Deregulation Efforts
← Previous Article Next Article → The U.S. Department of the Treasury recently released an update on its long term efforts to roll back financial regulations. The report comes one year after President Trump issued a series of memos directing the Treasury...
Former Native American Bank Sales Director Joins NAFSA Staff as Director of Business Development
← Previous Article Next Article → Mika Leonard has joined the Native American Financial Services Association (NAFSA) as its Director of Business Development. She will be responsible for managing member relations and coordinating new opportunities for growth...
