Dec 30, 2019 | Congressional Legislation, News
Earlier this month, Representative Maxine Waters (D-Calif.), Chairwoman of the House Financial Services Committee, sent a letter to Consumer Financial Protection Bureau (CFPB) Director Kathleen Kraninger accusing her of politicizing the Bureau. The letter came after...
Dec 27, 2019 | Litigation, News
On March 3, the U.S. Supreme Court will hear oral arguments in Seila Law v. Consumer Financial Protection Bureau, a landmark case that will determine whether the leadership structure of the CFPB is constitutional. Opponents of the Bureau have long argued that the...
Dec 26, 2019 | Congressional Legislation, News
Earlier this month, the House of Representatives passed S. 256, the Esther Martinez Native American Languages Programs Reauthorization Act, a bill that protects the survival and continuity of Native American languages by strongly funding them from fiscal year 2020...
Dec 24, 2019 | Financial Literacy, News
Last week, Experian released key findings from its annual State of Credit Report, which highlighted trends in credit and spending behaviors in advance of the new year. Included in these findings is that the average credit score for consumers reached an eight-year high...
Dec 23, 2019 | Congressional Legislation, News
After a long wait and intense speculation from the banking, cannabis, and other industries, Senate Banking Committee Chairman Mike Crapo last week announced his opposition to the House-passed SAFE Act, which would allow banks to serve cannabis businesses. With...
Dec 20, 2019 | Congressional Legislation, News
Earlier this month, United States Senator Elizabeth Warren (D-Mass.) and Representative Jesús “Chuy” García (D-Ill.) introduced the Bank Merger Review Modernization Act, which they say would restrict harmful consolidation in the banking industry and protect consumers...
Dec 19, 2019 | Federal Regulation, News
Last week, the U.S. Senate Committee on Banking, Housing, and Urban Affairs met for a hearing entitled “Oversight of the Securities and Exchange Commission” (SEC). The SEC’s mission is to maintain efficient markets, facilitate capital formation, and protect investors....
Dec 17, 2019 | Federal Regulation, News
Last week, the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) convened a free public workshop at the Constitution Center in Washington, D.C. examining “issues affecting the accuracy of traditional credit reports as well as...
Dec 16, 2019 | Congressional Legislation, News
Last week, House Financial Services Chairwoman Maxine Waters (D-Calif.) convened the Committee for one final markup in calendar year 2019, taking up eight bills and three resolutions. In her opening statement, Chairwoman Waters highlighted a number of issues faced by...
Dec 13, 2019 | News, Tribal Sovereignty
In an article published in Forbes earlier this week, NAFSA Executive Director Gary Davis, a member of the Forbes Finance Council, highlighted the role of tribal sovereignty as a core principle of how tribes live, operate, and govern themselves, particularly as it...
