Household Wealth At or Below Zero for 1 in 5 Americans
New findings by the Institute for Policy Studies detail the growing wealth gap in the United States and the struggles many Americans face building wealth in the modern economy. The report noted that the three wealthiest people in America, Bill Gates, Jeff Bezos, and...
Continuity Expected as CFPB Names New Enforcement Head
Beginning November 17th, long-time Deputy Enforcement Director for Strategy and Policy Kristen Donoghue will assume a promotion to the Assistant Director of Enforcement for the Consumer Financial Protection Bureau (CFPB). Donoghue has worked in the agency’s...
Growing Wealth Divide Driving Need for Alternative Financial Services
The Federal Reserve recently published findings from its Survey of Consumer Finances, a review of household finances and wealth conducted every 3 years. While the survey generally shows wealth nearing pre-recession levels, it does highlight a growing wealth gap...
CFPB Director Absolved of Possible Hatch Act Violations
In a recent letter, the United States Office of Special Counsel (OSC) found that Consumer Financial Protection Bureau (CFPB) Director Richard Cordray did not violate the Hatch Act, a federal law that prohibits federal employees from engaging in certain political...
NAFSA Co-Sponsors Hill Reception, Furthers Tribal Lending Advocacy at NACA Conference
NAFSA COO & General Counsel Joe Sarcinella is representing the organization this week at the Native American Contractors Association’s (NACA) Federal Contracting Policy and Advocacy Conference in Washington, D.C. Although NACA is generally focused on boosting...
NAFSA Submits Amicus Brief in Key Tribal Lending Case Now in Federal Court
NAFSA supports tribal lender’s motion to dismiss in Golden Valley Lending, et. Al. v. CFPB On October 31, The Native American Financial Services Association (NAFSA) submitted an Amicus Curiae brief to the U.S. District Court for the District of Kansas in...
Trump Selects Jerome Powell to Lead Federal Reserve
President Trump announced on Thursday that former investment banker and current Federal Reserve Board Governor Jerome Powell would succeed Janet Yellen early next year to become the next Chair of the Federal Reserve. Powell will still need to be confirmed by the...
Trump Set to Sign Arbitration Rule Repeal
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...
