Retail Sales Down in July, According to Department of Commerce Report
Retail Sales Down in July, According to Department of Commerce Report The Commerce Department recently reported that spending at U.S. retailers fell 1.1 percent in July, amidst the rise of COVID-19 cases linked to the Delta variant as well as a decrease in purchases...
Legislation Introduced to Include Fintech Lenders in SBA Loan Program
Legislation Introduced to Include Fintech Lenders in SBA Loan Program Earlier this month, Senators Tim Scott (R-S.C.) and John Hickenlooper (D-Colo.) introduced legislation—the Expanding Access to Credit for Small Business Act—that would permit fintechs to...
NYDFS Superintendent to Resign August 24
NYDFS Superintendent to Resign August 24 New York State Department of Financial Services (NYDFS) Superintendent Linda Lacewell announced earlier this month her intent to resign, effective August 24. Her resignation comes after a report tied her to the sexual...
Senate-Passed Infrastructure Bill Includes More Than $11 Billion for Indian Country
Senate-Passed Infrastructure Bill Includes More Than $11 Billion for Indian Country Last week, the U.S. Senate passed the Infrastructure Investment and Jobs Act, broad legislation to rebuild America’s infrastructure as well as fund climate resilience and broadband...
Senate Confirms Bryan Todd Newland to be Assistant Secretary for Indian Affairs
Senate Confirms Bryan Todd Newland to be Assistant Secretary for Indian Affairs Last week, the U.S. Senate confirmed Bryan Todd Newland of Michigan as the Assistant Secretary-Indian Affairs at the Department of the Interior. Newland will advise Interior Secretary Deb...
Warren Urges Yellen to Crack Down on Cryptocurrency
Warren Urges Yellen to Crack Down on Cryptocurrency In a recent letter, Senator Elizabeth Warren (D-Mass.) urged Treasury Secretary Janet Yellen to work through the Financial Stability Oversight Council, which she chairs, to develop a regulatory strategy on...
OCC Reviewing Banks’ Overdraft Policies
OCC Reviewing Banks’ Overdraft Policies Acting Comptroller Michael Hsu recently announced that the Office of the Comptroller of the Currency (OCC) is reviewing bank overdraft policies— an announcement that came during testimony in front of the Senate Banking...
Applications for Auto Loans, Mortgages, and Credit Cards Back to Pre-Pandemic Levels, According to CFPB Issue Brief
Applications for Auto Loans, Mortgages, and Credit Cards Back to Pre-Pandemic Levels, According to CFPB Issue Brief Last week, the Consumer Financial Protection Bureau (CFPB) published an issue brief finding that consumer applications for auto loans, mortgages, and...
