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...
Treasury Report Slams Potential Impact of CFPB Arbitration Rule
Only a few weeks after Acting Comptroller of the Currency Keith Noreika expressed concern over the added costs associated with the recently issued arbitration rule, the U.S. Department of the Treasury released a report on Monday detailing the likely monetary and...
As Online Financial Services Shift, Mainstream Institutions Join the Fray
The Consumer Financial Protection Bureau (CFPB) issued its long-anticipated small dollar rule earlier this month, a regulation that could eliminate 80% of the payday loan business. For the estimated 12 million people that regularly rely upon payday products, other...
CFPB Helps Recover $750 Million in Student Debt Relief
A new report by the Consumer Financial Protection Bureau (CFPB) detailed more than 20,000 complaints received by the agency over the past year related to student loans. Up until last year, the Bureau had only fielded 40,000 complaints on the topic since it began...
Administration Proposes New Land-into-Trust Regulations
The U.S. Department of the Interior earlier this month released new proposed regulations to govern the process by which land may be acquired and placed into trust status by the federal government for the benefit of tribes. Interior recognizes that taking land into...
Trump Moves to Fill Critical Indian Affairs Posts
While many tribal leaders met in Milwaukee, WI at the National Congress of American Indians’ 74th Annual Convention, the U.S. Department of the Interior announced the nomination of Tara Sweeney to the position of Assistant Secretary of Indian Affairs. Sweeney stands...
Scott Tucker Found Guilty in Rent-a-Tribe Payday Loan Scheme
It took a federal court jury only five hours to return a guilty verdict for Scott Tucker and attorney Timothy Muir in their trial for fraud, money laundering, conspiracy, and racketeering. Over the course of almost a month, federal prosecutors told the story of how...
Senate Seeking Bipartisan Fixes to Dodd-Frank
As the Financial CHOICE Act 2.0 stalls in the Senate, a group of moderate Democrats are reaching across the aisle to bring smaller, but meaningful, changes to the Dodd-Frank Act, Obama-era legislation that placed considerable restraints on financial institutions...
