Oct 3, 2019 | FinTech, News, Tribal Sovereignty
← Previous Article Twelve Clans, Inc, the sovereign wealth fund of the Ho-Chunk Nation, recently exited its investment in Slack Technologies, reportedly earning the Tribe a substantial return on investment.The Ho-Chunk Nation established Twelve Clans in 2016 with...
Oct 2, 2019 | Litigation, News
← Previous Article Next Article → Earlier this week, All American Check Cashing, a check cashing and payday lender, filed a petition to the U.S. Supreme Court asking for a ruling on the constitutionality of the Consumer Financial Protection Bureau (CFPB). In...
Sep 27, 2019 | Banks & Credit Unions, News
← Previous Article The National Credit Union Administration (NCUA) recently issued a new rule that provides credit unions more options to offer small-dollar loans to members.Currently, credit unions are able to offer small-dollar loans under the payday...
Sep 25, 2019 | Federal Regulation, News
← Previous Article Next Article → Last week, the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) announced that they would host a joint workshop on December 10 to discuss issues that impact the accuracy of consumer credit...
Sep 25, 2019 | Federal Regulation, News
← Previous Article Next Article → The Consumer Financial Protection Bureau (CFPB), under the leadership of Director Kathy Kraninger, announced “enhancements” that it will make to the controversial consumer complaint database with the purpose of improving it...
Sep 25, 2019 | Congressional Legislation, Federal Regulation, News
← Previous Article Next Article → Republicans on the House Financial Services Committee sent a letter earlier this week to Comptroller Joseph Otting, head of the Office of the Comptroller of the Currency (OCC), urging him to administratively fix “Madden.”As...
Sep 20, 2019 | Federal Regulation, News
← Previous Article Next Article → On September 10, the Consumer Financial Protection Bureau (CFPB) announced three new policies aimed at promoting innovation and facilitating compliance in financial services, including a No-Action Letter Policy, a Trial...
Sep 20, 2019 | Congressional Legislation, News
← Previous Article Next Article → The House of Representatives is expected to vote on the Secure and Fair Enforcement (SAFE) Banking Act later this month. To attract Republican support, Democratic leadership has added an amendment targeting the revival of...
Sep 18, 2019 | Federal Regulation, Litigation, News
← Previous Article Next Article → In a brief filed yesterday, the Trump Administration urged the U.S. Supreme Court to review the constitutionality of the Consumer Financial Protection Bureau (CFPB), arguing that the federal agency is unconstitutionally...
Sep 17, 2019 | News, Online Lending
← Previous Article Next Article → Last Friday, the California State Senate passed the Fair Access to Credit Act, which would cap interest rates at 36 percent plus the Federal Funds Rate (over the past decade, this has been between 0 to 2.5 percent) on loans...
