Following its razor-thin passage in the Senate last week, President Trump is expected to sign the repeal of the Consumer Financial Protection Bureau’s (CFPB) arbitration rule today after both houses of Congress voted to block the implementation of the rule via the...
Jeb Hensarling (R- TX), proponent of the Financial CHOICE Act and Chairman of the House Committee on Financial Services, has announced that he will not seek reelection in 2018 when his current term in Congress expires. Rep. Hensarling was first elected to the House in...
NAFSA Executive Director Gary Davis provided a keynote address on the entrepreneurial spirit and resilience of Native businesses and NAFSA Chairman John Shotton and NAFSA Director of Policy and Research Clif Cottrell discussed the future of tribal financial services...
Earlier this month, NAFSA staff had the opportunity to attend both Lend360 and the National Congress of American Indians’ (NCAI) 74th Annual Convention and Marketplace. At Lend360, the biggest conference in online lending, NAFSA Director of Policy and Research Clif...
In recent months, Acting Comptroller of the Currency Keith Noreika has traveled the country discussing the prospects of special purpose bank charters for financial technology (FinTech) institutions. Noreika is standing in as head of the Office of the Comptroller of...
In the wake of major hurricanes in Texas, Florida, and Puerto Rico, Secretary of Commerce Wilbur Ross announced a 3% increase in Gross Domestic Product (GDP) for the 3rd quarter of 2017. In particular, consumer spending jumped one percent in September alone, one of...
Barely one day after the U.S. Department of the Treasury issued a report on the likely monetary and compliance impacts of the new regulation, a split 50-50 Senate led Vice President Pence to cast the deciding vote in favor of repealing the Consumer Financial...
Only a few weeks after Acting Comptroller of the Currency Keith Noreika expressed concern over the added costs associated with the recently issued arbitration rule, the U.S. Department of the Treasury released a report on Monday detailing the likely monetary and...
The Consumer Financial Protection Bureau (CFPB) issued its long-anticipated small dollar rule earlier this month, a regulation that could eliminate 80% of the payday loan business. For the estimated 12 million people that regularly rely upon payday products, other...
A new report by the Consumer Financial Protection Bureau (CFPB) detailed more than 20,000 complaints received by the agency over the past year related to student loans. Up until last year, the Bureau had only fielded 40,000 complaints on the topic since it began...
