The U.S. Department of the Interior earlier this month released new proposed regulations to govern the process by which land may be acquired and placed into trust status by the federal government for the benefit of tribes. Interior recognizes that taking land into...
While many tribal leaders met in Milwaukee, WI at the National Congress of American Indians’ 74th Annual Convention, the U.S. Department of the Interior announced the nomination of Tara Sweeney to the position of Assistant Secretary of Indian Affairs. Sweeney stands...
It took a federal court jury only five hours to return a guilty verdict for Scott Tucker and attorney Timothy Muir in their trial for fraud, money laundering, conspiracy, and racketeering. Over the course of almost a month, federal prosecutors told the story of how...
As the Financial CHOICE Act 2.0 stalls in the Senate, a group of moderate Democrats are reaching across the aisle to bring smaller, but meaningful, changes to the Dodd-Frank Act, Obama-era legislation that placed considerable restraints on financial institutions...
On October 11th, President Trump met with Stanford Economist John Taylor about assuming the role of Chair of the Federal Reserve when Janet Yellen’s term leading the Fed’s Board of Governors expires in January. Speculation has swirled for months over who will assume...
Despite the old adage that “money can’t buy happiness,” a new study by Wells Fargo is linking money with happiness among the maturing millennial generation. That happiness, however, is not related to purchasing big ticket items or even avocado toast,...
The Federal Reserve released data today showing that consumer credit use grew by more than 4% in August to the tune of $13.1 billion. This was more than one percentage point below the previous month’s data and more than two percentage points below average 2016 levels....
On October 5th, the Senate confirmed Randal Quarles as the next Vice Chairman of the Federal Reserve. Quarles previously served as an Assistant Secretary at the Department of the Treasury under President George W. Bush. He will take the position of Vice Chair of...
Earlier today the Consumer Financial Protection Bureau (CFPB) announced its long-awaited rule on “Payday, Vehicle Title, and Certain High-Cost Installment Loans.” The new rule, informally referred to as the Small Dollar Rule, is expected to take effect 21 months from...
Rep. Carolyn Maloney (D- N) lamented this week that her proposed bill to reform bank overdraft fees will likely stall in the House as partisan politics continue to hamper Congress. In light of Congressional inaction, Rep. Maloney is encouraging the Consumer Financial...
