On April 7th the Senate confirmed Judge Neil Gorsuch to the U.S. Supreme Court after lowering the threshold for confirmation to a simple majority the day prior. The Senate voted 54-45 in favor of elevating Gorsuch, formerly a judge on the Tenth Circuit Court of...
Late last week the Consumer Financial Protection Bureau (CFPB) issued its annual report on the agency’s administration of the Fair Debt Collection Practices Act (FDCPA). The report covers agency action in 2015, including the issuance of over $79 million in fines to...
A recent study by the Brookings Institution, a Washington D.C. based public policy organization, analyzed productivity across the United States at the local level via the nearly 400 metropolitan areas spread across the country. The think tank noted that rising...
The U.S. House of Representatives Financial Services Committee met on Wednesday April 5, 2017 to discuss the Consumer Financial Protection Bureau’s (CFPB) Semi-Annual Report with CFPB Director Richard Cordray. The hearing comes at a contentious time between...
Ahead of the D.C. Circuit Court’s scheduled en banc rehearing on May 24th, the Consumer Financial Protection Bureau (CFPB) submitted its brief in PHH v. CFPB to the court this week asking that the independent agency’s single director structure remain intact at least...
PHH Mortgage Corporation, a mortgage origination processing company embroiled in a legal battle over the constitutionality of the Consumer Financial Protection Bureau’s (CFPB) structure, won a small victory in the U.S. District Court of Southern New York in a putative...
Nathaniel Brown, a delegate of the Navajo Nation Council, participated in a hearing on the Tribal Labor Sovereignty Act with the House Subcommittee on Health, Employment, Labor, and Pensions on March 29th. Councilman Brown answered many questions on tribal employment...
Bloomberg BNA recently looked into the current state of “true lender” litigation. These issues do not directly impact NAFSA because our members are structured in a way in which the lending enterprise that originated the loan is also the entity that services the loan....
Meetings include the White House, CFPB, and Congressional Members This week, Native American Financial Services Association (NAFSA) members came together to continue the dialog for the tribal online lending industry meeting with White House officials, the Consumer...
Following a contentious committee hearing on the constitutionality of the Consumer Financial Protection Bureau (CFPB), Rep. Jeb Hensarling (R- TX), Chairman of the House Financial Service Committee, remains convinced that the CFPB’s parent legislation, the Dodd-Frank...
