The Federal Reserve acts as the central bank for the United States, setting American monetary policy, promoting financial stable markets, supervising financial institutions, maintaining the safety and efficiency of American payment systems, and pursuing community...
A similar version of this post was sent to NAFSA members on September 14th. Last week, the Consumer Financial Protection Bureau (CFPB) entered into a consent order with lead generator Zero Parallel, which includes a provision specifically banning the consideration of...
The Consumer Financial Protection Bureau (CFPB) recently published a report on its supervisory activity for the period from January 2017 to June 2017. The purpose of CFPB supervision is to determine if an institution is complying with federal laws and impose...
Speaking to a conference this week in New York, Acting Comptroller of the Currency Keith Noreika reiterated that his agency’s proposal to issue special purpose bank charters to fintech companies is still in an “exploratory phase.” His comments come at a time when...
The House passed a series of appropriation bills along party lines late Thursday deviating somewhat from President Trump’s original budget proposal, but also comprising some major changes over the last fiscal year. The financial services bill incorporated many of the...
A new survey by Morning Consult and Politico found that Americans are split on limiting the power of the Consumer Financial Protection Bureau (CFPB). 22% of respondents felt limiting the CFPB was the right thing to do, while 23% believed restricting the federal...
The U.S. Census Bureau recently released data related to income, poverty, and health insurance coverage in the United States. The Bureau found that median household incomes are up 3.2% since 2015 to $59,039 and poverty had fallen to a rate of 12.7%. Further, health...
A federal district judge in Illinois granted a motion to transfer venue to Kansas on September 8th in a case pitting the Consumer Financial Protection Bureau (CFPB) against four tribal lending entities (TLEs) owned and operated by the Habematolel Pomo of Upper Lake....
Equifax, one of the big three credit bureaus relied upon by million of consumers each year to tabulate credit scores, announced a massive breach on September 7th resulting in the exposing of sensitive information for more than 143 million Americans. The breach itself...
Great Plains Lending, LLC, and Plain Green, LLC v. Consumer Financial Protection Bureau concerns the CFPB’s authority over tribal lending entities WASHINGTON, DC – The Native American Financial Services Association (NAFSA) submitted an amicus brief this week in...
