Feb 19, 2021 | Congressional Legislation, News
Sens. Schatz and Murkowski Become Chairman and Vice Chair of Senate Indian Affairs Committee Last week, U.S. Senators Brian Schatz (D-Hawaii) and Lisa Murkowski (R-Alaska) were unanimously elected as Chairman and Vice Chairman of the Senate Committee on Indian...
Feb 17, 2021 | Banks & Credit Unions, News
Big Banks in U.S. Reduce Lending Many of the biggest U.S. banks continue to reduce how much of their collective balance sheets is allocated towards loans, according to Federal Reserve data. The share of total assets devoted to loans across the country’s 25 largest...
Feb 15, 2021 | Banks & Credit Unions, News
Survey Finds 1.2 Million Borrowers Feared Mortgage Foreclosure in December A recent report from the Research Institute for Housing America (RIHA), backed by the Mortgage Bankers Association (MBA), showed that nearly 1.2 million borrowers feared they would be...
Feb 12, 2021 | Federal Regulation, News
CFPB Looks to Delay Implementation of Qualified Mortgage, Debt Collection Rules The Consumer Financial Protection Bureau (CFPB) is considering delaying implementation dates for the recent debt collection and Qualified Mortgage (QM) rules that have not yet gone into...
Feb 10, 2021 | Federal Regulation, News
New Calif. Consumer Protection Agency Strikes Data Sharing Deal with Fintechs At the end of January, the California Department of Financial Protection and Innovation (DFPI) signed an agreement with five fintech companies to better evaluate the risks and benefits of...
Feb 8, 2021 | Congressional Legislation, News
Two Democrats, Three Republicans Join Senate Banking Committee for 117th Congress The Senate Banking Committee began the 117th Congress with the addition of five new members, including two Democrats and three Republicans. With the change in control of the chamber,...
Feb 5, 2021 | News, Tribal Sovereignty
Mika Leonard in the Detroit News: Give Native Americans Voice in Federal Financial Regulations The below opinion column from NAFSA Chief Operations Officer Mika Leonard originally appeared in the Detroit News. On Jan. 26, the Biden administration tackled inequality...
Feb 5, 2021 | Federal Regulation, News
CFPB Acting Director Outlines Priorities Last week, Acting Consumer Financial Protection Bureau (CFPB) Director Dave Uejio sent a message to his staff—subsequently posted to the Bureau’s website—outlining his priorities for the agency. They include penalizing mortgage...
Feb 3, 2021 | Congressional Legislation, News
Waters Announces Financial Services Subcommittee Chairs Last week, Congresswoman Maxine Waters (D-Calif.), Chairwoman of the House Financial Services Committee (HFSC), announced the HFSC Subcommittee Chairs. She reshuffled some assignments and added two new...
Feb 1, 2021 | Federal Regulation, News, Tribal Sovereignty
Biden Signs Memo Bolstering Tribal Consultation Last week, President Biden signed a Memorandum on Tribal Consultation and Strengthening Nation-to-Nation Relationships, reaffirming the policies announced in Executive Order 13175 and directing every federal agency to...
