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...
New York Senate Bill Looks to Add New Regulations to Online Lenders
← Previous Article Next Article → New York State Senator Elaine Phillips has proposed new legislation in the New York Senate that would authorize the Department of Financial Services to create a limited state charter for “Internet Lending Services...
Reps. Mullin and Luján introduce Tribal Connect Act in House to Promote Broadband Access in Tribal Communities
← Previous Article Next Article → Last week, U.S. Representatives Markwayne Mullin (R-OK) and Ben Ray Luján (D-NM) introduced the Tribal Connect Act (H.R. 5661), a bipartisan bill to promote broadband access in tribal communities. The bill was introduced...
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...
