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...
CFPB Announces New Policies to Encourage Innovation
← 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...
“Choke Point” Language Added to Cannabis Legislation
← 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... Director Kraninger Calls the CFPB Unconstitutional
← 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...
California Legislature Passes Rate Cap Bill
← 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...
