Banks Pass Stress Tests, Could Weather Another Recession

Banks Pass Stress Tests, Could Weather Another Recession

As required under the Dodd-Frank Act, the Federal Reserve conducted its regular stress tests of major American banks and released the results late last month. Banks that hold more than $50 billion in assets are mandated to submit to a series of hypothetical tests to...
NAFSA leadership at LDF Tribal Lending Summit

NAFSA leadership at LDF Tribal Lending Summit

NAFSA staff are in Wisconsin this week attending the LDF Tribal Lending Summit. NAFSA Executive Director Gary Davis will give an update, and staff are represented on panels for banking, marketing, and legal issues. This is the fourth lending summit hosted by the Lac...
How Wells Fargo Became a Proxy for the Fight Over the CFPB

How Wells Fargo Became a Proxy for the Fight Over the CFPB

Earlier this week, Senator Elizabeth Warren (D- MA) called for the entire Board of Directors at Wells Fargo to be fired. This is not the first time the Massachusetts senator has demanded a change in leadership at the beleaguered bank. In fact, even when their CEO John...
Credit Bureau Nailed with $60 Million Verdict for FCRA Violations

Credit Bureau Nailed with $60 Million Verdict for FCRA Violations

TransUnion, one of the three main credit reporting agencies (CRAs) for administering most consumer credit information, lost a class action lawsuit recently for violations of the Fair Credit Reporting Act with a final verdict against the credit bureau totalling $60...
Trump Nominates Former HFS Chief Counsel to Run FDIC

Trump Nominates Former HFS Chief Counsel to Run FDIC

President Trump recently nominated James Clinger to serve on the board of the Federal Deposit Insurance Corporation (FDIC) beginning November 29th. The FDIC is an independent federal agency that insures bank deposits and supervises banking institutions. Clinger will...
UDAAP: CFPB’s Tool to Trample Tribal Sovereignty

UDAAP: CFPB’s Tool to Trample Tribal Sovereignty

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 created the Consumer Financial Protection Bureau (CFPB) and granted the agency broad supervisory, enforcement, and rulemaking authority over financial service providers. Along with almost 20...
Treasury Issues Report On Financial Regulation Reforms

Treasury Issues Report On Financial Regulation Reforms

At the directive of the President, on June 12th the Department of the Treasury issued a report on revising regulations to create economic opportunities for the banking and finance industry. The report includes a number of proposals on changes that could be made to the...

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