The Senate Committee on Banking, Housing, and Urban Affairs questioned President Trump’s nominees for head of the Office of the Comptroller of the Currency (OCC) and Vice-Chair for Supervision of the Board of Governors of the Federal Reserve System on July 27th....
NAFSA’s members discuss tribal lending, economic development with Members of Congress and the Administration July 28, 2017 WASHINGTON, DC – The Native American Financial Services Association (NAFSA) held its first-ever Capitol Hill Day this week in Washington, DC....
Following the publication of the Consumer Financial Protection Bureau’s (CFPB) final rule on arbitration, all eyes are turned toward another piece of unfinished business at the Bureau- the proposed rule on payday, vehicle title, and certain high cost installment...
Mere hours after the Consumer Financial Protection Bureau (CFPB) took its remaining steps to finalize a rule banning mandatory arbitration, House and Senate Republicans filed companion bills to repeal the arbitration rule through use of the Congressional Review Act....
New York Department of Financial Services (NYDFS) head Maria Vullo recently reiterated her intention to keep NYDFS in the poll position regulating Financial Technology (FinTech) firms operating in financial services. Her comments come at a time in which one federal...
In a letter to Consumer Financial Protection Bureau (CFPB) Director Richard Cordray, Acting Comptroller Keith Noreika of the Office of the Comptroller of the Currency (OCC) asked the Bureau to delay publishing its final arbitration rule and release data used to...
The Consumer Financial Protection Bureau (CFPB) issued its final rule regarding arbitration agreements on July 10th, a few days after the Bureau’s director, Richard Cordray, was threatened with Contempt of Congress. The arbitration rule includes an exemption for...
Despite a threat of contempt charges from House Financial Services Committee Chairman Rep. Jeb Hensarling (R- TX), the Consumer Financial Protection Bureau (CFPB) issued a final rule on July 10th restricting mandatory arbitration clauses and opening more financial...
President Trump is expected to nominate Randal Quarles to serve as Vice-Chairman of Supervision at the Federal Reserve, a position created by the Dodd-Frank Act but never filled during the Obama Administration. His position as vice-chair would last a term of 4 years,...
The Consumer Financial Protection Bureau (CFPB) issued its final rule today on arbitration clauses, only a few days after Rep. Jeb Hensarling, Chairman of the House Financial Services Committee, threatened CFPB Director Richard Cordray with contempt charges if the...
