Jun 27, 2017 | News
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...
Jun 23, 2017 | News
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...
Jun 21, 2017 | News
The Georgia Court of Appeals issued an opinion on June 19th regarding a contract dispute and arbitration judgment against a tribal lending entity (TLE) initiated by a former service provider. The Georgia state court vacated the arbitration award against the TLE and...
Jun 21, 2017 | News
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...
Jun 20, 2017 | News
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...
Jun 19, 2017 | News
Choctaw Nation of Oklahoma citizen and Associate Professor of Business at New Mexico State University Gavin Clarkson was recently hired to serve as the Deputy Assistant Secretary for Policy and Economic Development at the U.S. Bureau of Indian Affairs (BIA). His...
Jun 15, 2017 | News
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...
Jun 13, 2017 | News
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...
Jun 13, 2017 | News
Newly appointed Justice Neil Gorsuch issued his first opinion on June 12th for a unanimous court in a case concerning who qualifies as a debt collector under the Fair Debt Collection Practices Act (FDCPA). In Henson v. Santander Consumer USA Inc., Santander...
Jun 12, 2017 | News
The Consumer Financial Protection Bureau recently released a follow up to its 2015 study on credit invisibility in the United States. A person is “credit invisible” when they lack the data needed to calculate a credit score (invisible) or their credit data is so old... 
