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...
House Financial Services Chair Chooses Not to Seek Reelection in 2018
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 Promotes Exercising Sovereignty in Tribal Financial Services as Presenting Sponsor of AICCOK’s “The Gathering”
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...
NAFSA Ends Busy Month Discussing Tribal Lending with Industry Professionals and Tribal Officials
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...
OCC Expands Discussion On FinTech Charters to Cryptocurrencies
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...
Natural Disaster Recovery Sparks Jump in Consumer Spending
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...
Pence Breaks Tie, Senate Votes to Repeal Arbitration Rule
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...
