Sep 17, 2019 | News, Online Lending
← 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...
Sep 13, 2019 | Federal Regulation, Litigation, News
← Previous Article Next Article → In an amicus brief submitted on September 10, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) heavily criticized the 2015 Second Circuit decision in Madden v. Midland...
Sep 11, 2019 | Congressional Legislation, News
← Previous Article Next Article → Earlier this week, the U.S. House of Representatives passed five financial service bills that deal with everything from diversity in the workplace to affordable housing. According to a press release from the House Financial...
Sep 11, 2019 | Federal Regulation, News
← Previous Article Next Article → The Americans for Financial Reform (AFR) and the Center for Responsible Lending (CRL), two consumer advocacy groups, claim that a new poll shows bipartisan concern over certain elements of the Consumer Financial Protection...
Sep 10, 2019 | Federal Regulation, FinTech, News
← Previous Article Next Article → Earlier today, the Consumer Financial Protection Bureau (CFPB), alongside multiple state regulators, launched the American Consumer Financial Innovation Network (ACFIN), which aims to enhance coordination between federal and...
Sep 6, 2019 | NAFSA News, News
← Previous Article Next Article → On September 5, 2019, Kathy Kraninger, Director of the Consumer Financial Protection Bureau (CFPB), held her first meeting with Tribal nations by sitting down with Tribal leaders from the Native American Financial Services...
Sep 6, 2019 | Federal Regulation, News
← Previous Article Next Article → The Consumer Financial Protection Bureau (CFPB) announced earlier today that it will hold a second symposium on September 19 entitled “Behavioral Economics and Consumer Financial Services Policy.”The symposium will include...
Sep 6, 2019 | FinTech, News
← Previous Article Next Article → Former Consumer Financial Protection Bureau (CFPB) enforcement attorney, Nicholas Smyth, who now works for Pennsylvania’s consumer financial protection unit, praised the federal agency, saying that enforcement under Director...
Sep 6, 2019 | Litigation, News
← Previous Article Next Article → In a ruling earlier this week, U.S. District Judge Dabney Friedrich dismissed a lawsuit by the Conference of State Bank Supervisors (CSBS) over the Office of the Comptroller of the Currency’s (OCC) plan to issue a special...
Sep 2, 2019 | FinTech, News
← Previous Article Next Article → Last week, the planning department for Ottawa proposed restrictions for new payday loan businesses in the city. The proposal stems from a decision by the Ontario provincial government last year to allow cities to determine...
