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...
Banks, Lenders Moving Away from FICO for Loan Determinations
Banks, Lenders Moving Away from FICO for Loan Determinations Large banks and lenders are moving away from using FICO credit scores for consumer credit decisions like auto loans and mortgages. FICO has provided scores for nearly 200 million U.S. consumers, but...
“Buy Now, Pay Later” Firms Continue to Gain Popularity
“Buy Now, Pay Later” Firms Continue to Gain Popularity Recent data from Morning Consult showed that awareness and usage of “Buy Now, Pay Later” (BNPL) services have steadily increased since the start of the coronavirus pandemic. 17 percent of U.S....
In advance of Senate Banking Committee Hearing, NAFSA Sends Letter to Committee Leadership Opposing 36 Percent Rate Cap
In advance of Senate Banking Committee Hearing, NAFSA Sends Letter to Committee Leadership Opposing 36 Percent Rate Cap Yesterday, the Senate Banking Committee convened a hearing to examine the extension of the Military Lending Act (MLA)’s 36 percent APR cap to all...
