En Banc D.C. Circuit Hears Arguments On Constitutionality of CFPB
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...
What Trump’s Budget Means for Indian Country
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...
What Trump’s Budget Means for Tribal Lenders
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...
Tribal Lending and the Return of Positive Migration
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...
CSBS Announces FinTech Charter Alternative
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...
Federal Reserve Blasts CFPB Data Security in Report
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....
Mnuchin Talks Dodd-Frank Reform at Senate Hearing
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...
The Mortgage Crisis and the Era of Dodd-Frank
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...
