Mar 20, 2019 | Congressional Legislation, News
← Previous Article Next Article → Earlier today, the Consumer Financial Protection Bureau (CFPB) issued a request for comments on the Equal Credit Opportunity Act (ECOA), a federal law that makes it illegal for any creditor to discriminate against any...
Mar 19, 2019 | Federal Regulation, Litigation, News
← Previous Article Next Article → In an appeal filed last Friday, the Consumer Financial Protection Bureau (CFPB) argued that its organizational structure, including its “for-cause removal” provision, was constitutional because it met U.S. Supreme Court...
Mar 18, 2019 | News, Tribal Sovereignty
← Previous Article Next Article → On February 15, Congress provided $10.8 million to the Indian Loan Guarantee Program for the 2019 fiscal year, an increase of 16 percent from the year before. This important program provides financial institutions a great...
Mar 15, 2019 | NAFSA News, News
← Previous Article Next Article → Yesterday, the Native American Financial Services Association (NAFSA) hosted its Second Annual Tribal Lending Regulatory Workshop. Tribal lending regulators, compliance officers, attorneys, and tribal officials gathered at...
Mar 15, 2019 | Federal Regulation, News
← Previous Article Next Article → Last Monday, President Trump sent Congress a record $4.8 trillion budget proposal for the 2020 fiscal year. The budget also includes a proposal that would subject the Consumer Financial Protection Bureau (CFPB) to...
Mar 12, 2019 | Federal Regulation, News
← Previous Article Next Article → Following a contentious hearing with the House Financial Services Committee last week, Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger testified before the Senate Banking Committee this morning in a...
Mar 11, 2019 | Congressional Legislation, Federal Regulation, News
← Previous Article Next Article → Senator Jeff Merkley (D-OR) and Congresswoman Suzanne Bonamici (D-OR) recently introduced the Stopping Abuse and Fraud in Electronic (SAFE) Lending Act, a bill that would require small-dollar lenders to register with the...
Mar 9, 2019 | Federal Regulation, News
← Previous Article Next Article → Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger made her first appearance before the House Financial Services Committee on Thursday, March 7 at a hearing entitled, “Putting Consumers First? A Semi-Annual...
Mar 8, 2019 | Banks & Credit Unions, News, Tribal Sovereignty
← Previous Article Next Article → The Tax Cuts and Jobs Act of 2017 introduced a new term to the tax code called Opportunity Zones. These are defined as an “economically-distressed community where new investments, under certain conditions, may be eligible...
Mar 7, 2019 | Banks & Credit Unions, FinTech, News
← Previous Article Next Article → According to a recent report by TransUnion, personal loan balances reached a record $138 billion in 2018. The growth in personal loans was led by fintech firms, which made more personal loans than banks, credit unions, and...
