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...
Tribal Lending and the Economic Diversification of Reservations
Over the past decade, the United States has seen migration patterns focus heavily on urbanized areas and megaregions. Between 2010 and 2014, rural areas lost an average of 33,000 people each year. As it stands, 72% of America’s land area is only inhabited by 14% of...
CHOICE Act Met with Partisan Disagreement But Passes Committee
After failing to vote on the bill again on Wednesday, the debate over the CHOICE Act in the House Financial Services Committee extended into Thursday as was finally passed by the committee with a vote of 32-24 along party lines. Partisan lines were drawn by the...
