Oct 9, 2019 | Litigation, News
← Previous Article Last Monday, the House of Representatives filed an amicus brief asking the U.S. Supreme Court to reject a petition to hear a case that would determine the constitutionality of the Consumer Financial Protection Bureau (CFPB). The dispute...
Oct 4, 2019 | Federal Regulation, News
← Previous Article The Consumer Financial Protection Bureau (CFPB) announced yesterday the new members of its four advisory committees, which include the Consumer Advisory Board (CAB), the Community Bank Advisory Council (CBAC), the Credit Union Advisory Council...
Oct 4, 2019 | Banks & Credit Unions, News
← Previous Article The American Financial Exchange (AFX), electronic interbank lending market for U.S. financial institutions, announced last week that the People’s Bank of Seneca joined the exchange, becoming the first native-owned bank to join AFX.According to...
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...
