FinTech Poised to Capture Burgeoning Millennial Small Businesses

FinTech Poised to Capture Burgeoning Millennial Small Businesses

While the biggest banks continue to ignore credit demands from small businesses, FinTech companies are finding ways to help the nearly 28 million small businesses in America. Public-private partnerships are moving payment processing to the next level, and FinTech...
Study Shows Nearly 4 in 5 Americans Live Paycheck to Paycheck

Study Shows Nearly 4 in 5 Americans Live Paycheck to Paycheck

A recent study by Harris Poll on behalf of CareerBuilder, a talent acquisition company, found that 78% of Americans are living paycheck to paycheck, including nearly 1 in 10 who make more than $100,000 per year. Twenty percent of American workers have missed a payment...
CFPB Mum On Small Dollar Rule in New Regulatory Agenda

CFPB Mum On Small Dollar Rule in New Regulatory Agenda

On August 24th the Consumer Financial Protection Bureau (CFPB) published its semiannual regulatory agenda. The agenda covers a period from May 1, 2017 to April 30, 2018. The purpose of the agenda is to provide notification to the public of the various regulatory...
Experienced tribal advocate and attorney Joe Sarcinella joins NAFSA

Experienced tribal advocate and attorney Joe Sarcinella joins NAFSA

Sarcinella, who was most recently at Department of Defense, is NAFSA’s new COO and General Counsel WASHINGTON, DC – Joe Sarcinella has joined the Native American Financial Services Association (NAFSA) as its Chief Operations Officer and General Counsel. Mr. Sarcinella...
ABA Finds Fault with CFPB Discourse On Overdraft Fees

ABA Finds Fault with CFPB Discourse On Overdraft Fees

In a letter this week to the Consumer Financial Protection Bureau (CFPB), the American Bankers Association (ABA) criticized the consumer agency for relying on outdated and insufficient data in formulating the CFPB’s new overdraft disclosure forms. The ABA wrote, “the...
OCC Distances Itself from Operation Chokepoint

OCC Distances Itself from Operation Chokepoint

The Office of the Comptroller of the Currency’s (OCC) acting director, Keith Norieka, informed House Financial Services Committee Chairman Rep. Jeb Hensarling (R- TX) on August 18th that the OCC was never involved in Operation Chokepoint (OCP), a federal policy that...
California Pursues Its Own Arbitration Rule

California Pursues Its Own Arbitration Rule

Similar to the final arbitration rule recently published by the federal Consumer Financial Protection Bureau (CFPB), Democrats in the California State Senate have advanced their own arbitration law (California Senate Bill 33) to the General Assembly for a vote....

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