On Thursday, April 27th, the Consumer Financial Protection Bureau (CFPB) filed a complaint in the U.S. District Court for the Northern District of Illinois alleging violations of the Truth in Lending Act (TILA) and Title X of the Dodd-Frank Wall Street Reform and...
On April 25th, the U.S Supreme Court issued its opinion in Lewis v. Clarke, a case centered on tribal sovereignty and the actions of tribal employees outside tribal lands. Clarke operated a limousine for the Mohegan Sun Casino, an economic arm of the Mohegan Tribe....
The House Financial Services Committee held a hearing on April 26th titled “A Legislative Proposal to Create Hope and Opportunity for Investors, Consumers, and Entrepreneurs” to discuss the provisions of the recently revamped CHOICE Act, a replacement for many of the...
Consumer Financial Protection Bureau v. Great Plains Lending, LLC, et. al. is a very important court case for those operating in the tribal lending space, including NAFSA members. We took the time to explain some of the nuances about the case and the underlying issues...
Last Tuesday, J. Paul Reddam, owner of the California-based lender, Cash Call, sued the law firm that previously helped him join forces with a private citizen living on tribal land to build his now-crumbling lending empire. Reddam alleges that attorneys at Katten...
The first one hundred days of a president’s term in office are typically a reflection point on the early efficacy of our nation’s top executive. One of President Trump’s chief concerns entering office in January was Wall Street regulation and the Dodd-Frank Act. He...
Rothe Development, Inc., a woman-owned small business located in San Antonio, recently filed a writ of certiorari with the U.S. Supreme Court arguing the Small Business Administration’s Section 8(a) program that ensures at least 5% of federal contracting goes to...
Rep. Jeb Hensarling (R-TX), Chairman of the House Financial Services Committee, plans to introduce his sweeping reforms to the Dodd-Frank Act, dubbed CHOICE Act 2.0, at a hearing titled “A Legislative Proposal to Create Hope and Opportunity for Investors, Consumers,...
Following the D.C. Circuit Court’s decision to rehear the case en banc, PHH Corp., petitioners, have briefed the court of their position, and reassert from their previous argument before the court, that the only true remedy in their dispute with the Consumer Financial...
A coalition of Republicans and Democrats are once again attempting to revive the provisions of the Glass-Steagall Act and create separation between commercial and investment banking activities. The Glass-Steagall Act, passed in 1933 in the midst of the Great...
