May 13, 2019 | Congressional Legislation, News
← Previous Article Next Article → Senator Bernie Sanders (I-VT) and Congresswoman Alexandria Ocasio-Cortez (D-NY) have joined forces to propose legislation that would cap interest rates on credit cards at 15 percent and allow the U.S. Postal Service to offer...
May 10, 2019 | Banks & Credit Unions, Congressional Legislation, News
← Previous Article Next Article → On April 25, NAFSA published an article stating that pressure was mounting for Congress to act on cannabis legislation. At the time, 24 state regulators wrote a letter urging Congress to allow state-chartered banks to work...
May 9, 2019 | Litigation, News
← Previous Article Next Article → Indiana’s Attorney General filed a lawsuit against Equifax, one of the nation’s three largest credit bureaus, accusing it of placing profits ahead of cybersecurity. The state is seeking civil penalties, costs, injunctive...
May 9, 2019 | NAFSA News, News
← Previous Article Next Article → The Native American Financial Services Association (NAFSA) hosted a webinar with LendConnect on Thursday, May 2 entitled “The Rise (and Future) of Online Installment Lending.” The hour-long discussion between Justin Fisk,...
May 8, 2019 | Federal Regulation, Litigation, News
← Previous Article Next Article → A Ninth Circuit panel said that the leadership structure of the Consumer Financial Protection Bureau (CFPB) is constitutional, keeping the Ninth Court aligned with the D.C. Circuit’s ruling in PHH Corporation v. CFPB.Critics...
May 8, 2019 | Federal Regulation, News
← Previous Article Next Article → The Consumer Financial Protection Bureau (CFPB) released today a notice of proposed rulemaking that would establish new rules on debt collection, primarily for third-party debt collectors. If finalized, it would amend the...
May 6, 2019 | Financial Literacy, News
← Previous Article Next Article → For many people, purchasing a home can the largest financial decision they will make in their life, as well as one of the most daunting. NAFSA’s Financial Literacy Program has a digital module called Considering Home...
May 3, 2019 | Federal Regulation, News
← Previous Article Next Article → Earlier this week, the New York Department of Financial Services (DFS) established the Consumer Protection and Financial Enforcement Division, an agency some are calling a “mini-CFPB.”Katherine A. Lemire will lead the...
May 3, 2019 | Federal Regulation, Litigation, News
← Previous Article Next Article → A district judge recently gave the New York Department of Financial Services (DFS) the green light to sue the Office of the Comptroller of the Currency (OCC) over it fintech charter, arguing that the fintech charter was...
May 1, 2019 | Financial Literacy, News
← Previous Article Next Article → On April 30, the last day of Financial Literacy Month, the U.S. House of Representatives passed two bipartisan resolutions aimed at promoting financial literacy among young adults and the elderly. On the same day, the...
