New Advisory Committee Members at the CFPB
← 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...
People’s Bank of Seneca Becomes First Native-owned Bank to Join American Financial Exchange
← 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...
Tribal Sovereign Wealth Fund Wins Big on Investment
← 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...
Another Petition Seeking Supreme Court Ruling on CFPB Constitutionality
← 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...
NCUA Expands Options for Small-Dollar Loans
← 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... CFPB and FTC to Host Joint Workshop on Accuracy in Consumer Reporting
← 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...
Kraninger Promises to Enhance the Consumer Complaint Database
← 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...
House Republicans Urge OCC to “Fix” Madden
← 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...
