Biden Picks Haaland for Secretary of Interior; Will Become First Native American Cabinet Official
Biden Picks Haaland for Secretary of Interior; Will Become First Native American Cabinet Official Earlier this month, President-elect Joe Biden chose representative Deb Haaland (D-N.M.) to lead the Department of the Interior. If confirmed by the Senate, Haaland would...
Nevada Financial Regulators Move Forward With Database for Short-Term Lenders
Nevada Financial Regulators Move Forward With Database for Short-Term Lenders Members of Nevada’s Financial Institutions Division recently approved draft regulations clarifying details of a statewide database for short-term, high interest payday loans. The regulations...
CFPB Quarterly Trends Report Explores Prevalence of Payment Information in Consumer Credit Reporting
CFPB Quarterly Trends Report Explores Prevalence of Payment Information in Consumer Credit Reporting Last month, the Consumer Financial Protection Bureau (CFPB) released its most recent consumer credit trends report, examining the rates of actual payment information...
Growth in Consumer Credit Use Slows as Balances Continue to Decline
Growth in Consumer Credit Use Slows as Balances Continue to Decline Recent data released by the Federal Reserve show that as the COVID-19 pandemic has continued its trend of limited consumer purchases and declining credit card balances, U.S. consumer credit growth has... Senate Indian Affairs Committee Holds Hearing on Tribal Sovereignty, Self-Determination, and Consultation
Senate Indian Affairs Committee Holds Hearing on Tribal Sovereignty, Self-Determination, and Consultation Earlier this week, U.S. Senator John Hoeven (R-N.D.), Chairman of the Senate Committee on Indian Affairs, convened a hearing on “From Languages to Homelands:...
Waters Pushes Biden to Reverse Trump’s Financial Services Deregulation
Waters Pushes Biden to Reverse Trump’s Financial Services Deregulation Last week, House Financial Services Committee (HFSC) Chairwoman Maxine Waters (D-Calif.) sent a letter to President-elect Joe Biden urging his administration to reverse deregulatory actions in the...
LendUp Starts Digital Bank, Named ‘Ahead Financials’
LendUp Starts Digital Bank, Named ‘Ahead Financials’ Last week, small-dollar lender LendUp officially launched a subsidiary digital bank called Ahead Financials, offering younger customers and the emerging middle class a no-fee checking account and debit card,...
CFPB Pauses Enforcement Changes After Staff Objections
CFPB Pauses Enforcement Changes After Staff Objections After initially announcing plans to reorganize the agency to prioritize supervision over enforcement, the Consumer Financial Protection Bureau (CFPB) recently announced that it is halting the restructuring plans...
