The U.S. House of Representatives is expected to take a floor vote of all members on the Financial CHOICE Act the week of June 5th. The bill remains mostly unchanged from the one that passed the House Financial Services Committee last month, although a provision that...
On the heels of a challenge by the State Conference of Bank Supervisors (SCBS) last month, the State of New York filed suit against the Office of the Comptroller of the Currency (OCC) earlier this month to halt implementation of the agency’s proposed special purpose...
On May 24th, an en banc collection of eleven circuit court judges from the U.S. Court of Appeals of the District of Columbia heard oral arguments on the constitutionality of the structure of the Consumer Financial Protection Bureau (CFPB) in PHH v. CFPB. The en banc...
On May 23rd, President Trump released his proposed federal budget for fiscal year 2018. The Bureau of Indian Affairs (BIA) budget is projected to be reduced by more than $300 million from the FY 2017 budget. This is the equivalent of 241 full time employees. The BIA...
President Trump released his budget proposal for fiscal year 2018 on May 23rd, and it includes some significant funding reductions to the Consumer Financial Protection Bureau’s (CFPB) budget for next year in the amount of $145 million. This budget cut is part of a...
Migration is not a new concept to Native Americans. Whether it was voluntarily following the bison herds across the Great Plains or forced removal across the Mississippi River by the federal government, tribal communities have both persevered and felt the detrimental...
The Conference of State Bank Supervisors (CSBS) announced recently a new plan for the regulation of FinTech and non-bank financial institutions dubbed Vision 2020. The initiative seeks to standardize state regulatory systems and develop a data sharing accord that...
A report published this week by the Office of the Inspector General (OIG) of the Federal Reserve detailed chronic problems at the Consumer Financial Protection Bureau (CFPB) and the agency’s poor protection of sensitive information used in enforcement investigations....
Secretary of the Treasury Steven Mnuchin spoke with Senate Banking Committee members on May 18th about tax cuts and Dodd-Frank reform. The hearing was part of a “Domestic and International Policy Update.” Secretary Mnuchin is expected to release a report soon that...
Americans purchased 5.5 million homes in 2016, the highest number in ten years, but still millions below pre-recession levels. The year of 2008 was a modern low point for homeowners after a housing bubble and subprime mortgage crisis caused household net worth to...
