NAFSA ED Davis Stresses Industry Best Practices, Self-Regulation at Tribal Regulators Conference
← Previous Article Next Article → NAFSA Executive Director Gary Davis spoke of the importance of a cooperative industry best practices to strengthen the self-regulation of tribal online lending at the Tribal Regulators Conference in Minneapolis on November...
Judge Sides with Trump, Mulvaney as Acting CFPB Director
← Previous Article Next Article → A federal judge ruled late Tuesday afternoon against a request by Leandra English, former Chief of Staff and recently-promoted Deputy Director at the Consumer Financial Protection Bureau (CFPB), for an injunction that would...
As Credit Rises, So Do Delinquencies
← Previous Article Next Article → The New York Fed issued a report earlier this month comparing various forms of household debt and credit. Credit card delinquencies crept up to 4.6% for the third quarter of 2017, although delinquencies remain well below the...
Former Business Mentor to Scott Tucker Suffers Same Fate in Federal Court for Rent-a-Tribe Scheme
← Previous Article Next Article → On November 26th a federal court jury in Philadelphia found former payday lending mogul Charles Hallinan and his business attorney Wheeler Neff guilty of racketeering and fraud. Hallinan was convicted for utilizing the same...
Confusion Dominates as Trump and Cordray Each Appoint Interim CFPB Directors
← Previous Article Next Article → On the day after Thanksgiving when most Americans were out shopping for the holidays, outgoing Consumer Financial Protection Bureau (CFPB) Director Richard Cordray quietly appointed his Chief of Staff, Leandra English, as...
CFPB Report Details Consumer Experiences with Overdraft Protections
As part of the agency’s financial education mandate, the Consumer Financial Protection Bureau released a report this week chronicling consumer experiences with bank account overdraft coverage. The study found that many account holders did not understand how their...
CFPB: CashCall Owes $287 Million in Restitution, Penalties
The Consumer Financial Protection Bureau (CFPB) asked a federal judge in California on November 19th to hit CashCall with $287 million in restitution and penalties for making thousands of loans that borrowers were not legally obligated to repay. CashCall worked...
Yellen Leaving Fed in 2018 When Her Term as Chair Expires
Federal Reserve Chair Janet Yellen announced this week that she will be leaving the Federal Reserve Board entirely when her term as chair runs out in February 2018. She previously served as President of the San Francisco Fed before taking a vice-chair position in 2010...
