Madden Fix Bill Passes House, Seeks to Restore Valid When Made Doctrine
← 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...
Bank Associated with Scott Tucker Ordered to Pay $613 Million for Lack of Money Laundering Controls
← 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...
NAFSA Hosts Inaugural Tribal Lending Regulatory Workshop
← 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...
Trump’s Proposed 2019 Budget Reigns in CFPB, Mixed Bag for Indian Country
← 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...
CFPB Releases Revised Strategic Plan for 2018-2022
← 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...
Multi-State Compact Forms to Standardize Lender Licensing
← Previous Article Next Article → Seven states have banded together to develop a multi-state licensing system for money service businesses (MSB). As the Conference of State Bank Supervisors (CSBS) explains, “if one state reviews key elements of state...
FTC, Fed Experience Renewed Roles in Consumer Financial Enforcement as CFPB Adjusts Priorities
← Previous Article Next Article → With Mick Mulvaney temporarily at the helm, the Consumer Financial Protection Bureau (CFPB) is undergoing a massive overhaul to its policy priorities. Over the past few weeks, the Bureau has reopened consideration on the...
NAFSA ED Gary Davis Recommends Important Reforms to CFPB in New Forbes Article
← Previous Article Next Article → NAFSA Executive Director Gary Davis, recently added to the prestigious Forbes Finance Council, provided his insight on badly-needed reforms at the Consumer Financial Protection Bureau (CFPB) this week with Forbes online...
