May 20, 2019 | Federal Regulation, News
← Previous Article Next Article → Earlier this month, the Federal Reserve (Fed) released its semi-annual Financial Stability Report, which provides an overview of the stability of the U.S. financial system while highlighting near-term risks that pose a...
May 16, 2019 | Federal Regulation, News
← Previous Article Next Article → The Consumer Financial Protection Bureau (CFPB) released last week a notice of proposed rulemaking that would establish new rules on debt collection, primarily for third-party debt collectors. Reactions from industry...
May 15, 2019 | Congressional Legislation, FinTech, News
← Previous Article Next Article → Congresswoman Maxine Waters (D-CA), chairwoman of the House Financial Services Committee, announced on May 9 the creation of a new task force on financial technology (fintech). According to the press release, the task force...
May 14, 2019 | Federal Regulation, News
← Previous Article Next Article → On May 13, Consumer Financial Protection Bureau (CFBP) Director Kathy Kraninger announced in a press release that Brian Johnson will serve as the deputy director. Johnson joined the CFPB in December 2017 after more than five...
May 13, 2019 | Financial Literacy, News
← Previous Article Next Article → Before purchasing a home, it’s important to assess your personal and financial readiness. After weighing the pros and cons of owning a home, we have listed a few great general questions below to help you self-assess your...
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...
