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...
Fourth Circuit Issues Its Opinion in Dillon v. BMO Harris Bank
On May 10, 2017, the Fourth Circuit Court of Appeals issued its opinion in Dillon v. BMO Harris Bank, Case No. 16-1362, which held a tribal choice of law provision and arbitration clause in a lending contract were unenforceable because portions of the contract...
Schumer Touts Former CFPB Official for FTC Commissioner
Senate Minority Leader Chuck Schumer (D- NY) spoke this week with President Trump about filling a Democratic vacancy on the Federal Trade Commission’s (FTC) governing board. Senator Schumer recommended the President add Rohit Chopra, a fellow at the Consumer...
Commerce Secretary Downplays Expected Economic Growth
Secretary of Commerce Wilbur Ross recently discussed America’s disappointing first quarter economic output and the likelihood of achieving three percent growth during President Trump’s first year in office. Secretary Ross put much of the blame for the slow growth...
Marketplace Lenders Fight Decline, Seek Answers
Marketplace loans are a unique form of credit where investment capital is funneled through online platforms to consumers and small businesses. What originally began as peer-to-peer financing has now grown into a multibillion dollar sector in FinTech with millions in...
NAFSA: Investing in Tribal Economic Growth
Indian Country Today recently ran a story about NAFSA, and what we are trying to accomplish for Indian Country and our member tribes and tribal entities. We encourage you to read the full article, but we wanted to highlight the sections that really explain why tribal...
Senate Clears Own Path with Dodd-Frank Reform
Following passage by the Financial Services Committee last week, legislation to significantly amend the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act is now slated to come before a full vote of the U.S. House of Representatives sometime...
