CFPB Argues to Retain Illinois Venue in Upper Lake TLE Case
Attorneys for the Consumer Financial Protection Bureau (CFPB) filed a memorandum to the U.S. District Court of Northern Illinois on Monday arguing the district judge should deny a motion to relocate the agency’s hotly contested case against four tribal lending...
Tribal Lenders Petition Supreme Court in Fight Against CFPB
Two tribal lending entities (TLEs), Great Plains Lending of the Otoe-Missouria Tribe and Plain Green of the Chippewa Cree Tribe, filed a petition for certiorari with the U.S. Supreme Court to review a January 2017 decision by the Ninth Circuit. The circuit court...
Federal Court Rules Reservation Never Disestablished
A recent ruling out of the Tenth Circuit could have a big impact on tribal jurisdiction over lands opened up to non-Indian settlement decades ago. The court overturned the conviction of Patrick Dwayne Murphy, a citizen of the Muscogee (Creek) Nation, after he was...
Courts, Lawmakers Continue Tussle Over CFPB’s Future
On the heels of publishing a new rule on mandatory arbitration, the Consumer Financial Protection Bureau (CFPB) is caught in a struggle for its future in multiple federal courts and Congress. As courts diverge and lawmakers clash over healthcare, the budget, Russia,...
New Senate Bill Could Undo Controversial Debt Collection Ruling
Senator Mark Warner (D- VA) introduced a new bill that would allow a third party that purchased or otherwise obtained a debt from a bank to continue charging during collection the interest rates of the bank’s home state. The bill contains similar language to...
DOJ Joins Another Suit to Challenge Constitutionality of CFPB
Mortgage servicer Ocwen Financial will have support in its bid to have the structure of the Consumer Financial Protection Bureau (CFPB) declared unconstitutional after a Florida judge recently ruled that the U.S. Attorney General’s office could provide its views on...
CFPB Considers New Disclosures for Overdraft Coverage
On the back of reports that Americans spent $15 billion last year in bank overdraft fees, the Consumer Financial Protection Bureau (CFPB) is mulling new standard disclosure forms for banks that allow customers to opt-in to overdraft protection. In addressing the new...
How TLEs Are Helping Shrink Housing Inequality in Tribal Communities
In the wake of the mortgage crisis of 2008, a bipartisan Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) to stabilize financial markets and shield consumers from predatory financial products and services. Following the...
