President Trump released his budget proposal for fiscal year 2018 on May 23rd, and it includes some significant funding reductions to the Consumer Financial Protection Bureau’s (CFPB) budget for next year in the amount of $145 million. This budget cut is part of a...
Migration is not a new concept to Native Americans. Whether it was voluntarily following the bison herds across the Great Plains or forced removal across the Mississippi River by the federal government, tribal communities have both persevered and felt the detrimental...
The Conference of State Bank Supervisors (CSBS) announced recently a new plan for the regulation of FinTech and non-bank financial institutions dubbed Vision 2020. The initiative seeks to standardize state regulatory systems and develop a data sharing accord that...
A report published this week by the Office of the Inspector General (OIG) of the Federal Reserve detailed chronic problems at the Consumer Financial Protection Bureau (CFPB) and the agency’s poor protection of sensitive information used in enforcement investigations....
Secretary of the Treasury Steven Mnuchin spoke with Senate Banking Committee members on May 18th about tax cuts and Dodd-Frank reform. The hearing was part of a “Domestic and International Policy Update.” Secretary Mnuchin is expected to release a report soon that...
Americans purchased 5.5 million homes in 2016, the highest number in ten years, but still millions below pre-recession levels. The year of 2008 was a modern low point for homeowners after a housing bubble and subprime mortgage crisis caused household net worth to...
On May 10, 2017, the Fourth Circuit Court of Appeals issued its opinion in Dillon v. BMO Harris Bank, Case No. 16-1362, which held a tribal choice of law provision and arbitration clause in a lending contract were unenforceable because portions of the contract...
Senate Minority Leader Chuck Schumer (D- NY) spoke this week with President Trump about filling a Democratic vacancy on the Federal Trade Commission’s (FTC) governing board. Senator Schumer recommended the President add Rohit Chopra, a fellow at the Consumer...
Secretary of Commerce Wilbur Ross recently discussed America’s disappointing first quarter economic output and the likelihood of achieving three percent growth during President Trump’s first year in office. Secretary Ross put much of the blame for the slow growth...
Marketplace loans are a unique form of credit where investment capital is funneled through online platforms to consumers and small businesses. What originally began as peer-to-peer financing has now grown into a multibillion dollar sector in FinTech with millions in...
