House GOP Memo Lays Out Sweeping Changes to Dodd-Frank Act, CFPB
A memo is circulating throughout the House this week authored by Rep. Jeb Hensarling (R-TX), summarizing legislation he plans to introduce possibly as early as this month to scale back regulation under the Dodd-Frank Act. Two key changes referenced in his memo are the...
Helping Fintech Understand the Tribal Lending Space
NAFSA presents at the EPIC User Conference and Wiring the Rez Conference. Last week, the Native American Financial Services Association (NAFSA) was represented at both the Epic Loan System’s 2017 Annual User’s Conference and the 2017 Wiring the Rez Conference by NAFSA...
A Secure Future: The Regulatory Rigors of Tribal Lending
Tribal online lending represents around ten percent of the $20 billion online lending sector. Only a few years ago, tribes began entering this industry with mixed results. Tribes chose to partner with non-tribal businesses that offered a myriad of services in online...
What the Nomination of Neil Gorsuch to the U.S. Supreme Court Might Mean for Indian Country
Yesterday, President Trump nominated Tenth Circuit judge Neil Gorsuch to fill the vacancy left at the U.S. Supreme Court by the death of Justice Antonin Scalia nearly one year ago. Gorsuch is a graduate of Harvard Law School and previously clerked for current Supreme...
Tribal Lending Enterprises – Helping the Millennial Generation Gain Access to Capital
Due to credit invisibility and Millennial credit rationed households, a significant portion of the American population is underserved by traditional bank services and products. To help fill this gap and ensure all Americans have access to capital, Tribal Lending...
CFPB v. Great Plains Lending, et al – Case Summary and Implications
LITIGATION ALERT: CFPB v. Great Plains Lending, et al – Case Summary & Implications On January 20, 2017, the United States Court of Appeals for the Ninth Circuit issued its opinion in Consumer Financial Protection Bureau v. Great Plains Lending, LLC, et....
The Rise of Alternative Financial Services
Banks are the traditional institution for borrowing money in America. According to the Federal Reserve, bank loan portfolios grew nearly 7% in 2014 and totaled more than $8 trillion in assets. Historically low interest rates and economic recovery in some sectors are...
Mnuchin Confirmation Hearing Recap
“We will work diligently to limit regulations, lower taxes on hardworking Americans and small businesses, and get the engine of economic growth firing on all cylinders once again,” Mnuchin said. On January 19, 2017, the latest of Trump nominees faced his...
