Feb 26, 2019 | Federal Regulation, News
← Previous Article Next Article → Congresswoman Maxine Waters (D-CA-43), chair of the House Financial Services Committee, recently penned an open letter to the staff of the Consumer Financial Protection Bureau (CFPB), urging them to publicly report any...
Feb 22, 2019 | Banks & Credit Unions, News
← Previous Article Next Article → Banks made more profits in 2018 than ever before in recorded history. According to recently released data from the Federal Deposit Insurance Corporation (FDIC), banks made more than $236.7 billion in 2018, which is 44.1...
Feb 21, 2019 | Financial Literacy, News
← Previous Article Next Article → Tax season is upon us! Every year tax season runs from January 1 until April 15. While taxes aren’t most people’s idea of fun, understanding your taxes is vital to overall financial health. The Native American Financial...
Feb 21, 2019 | Banks & Credit Unions, FinTech, News
← Previous Article Next Article → The Conference of State Bank Supervisors (CSBS) recently agreed to implement 14 recommendations from the Fintech Industry Advisory Panel (the Panel). Recommendations include the development of a state model law to license...
Feb 19, 2019 | Federal Regulation, News
← Previous Article Next Article → According to a recent survey by the Federal Reserve, banks are expecting a decline in loan demand in conjunction with a deterioration of loan performance over the course of 2019. The survey was conducted over the past three...
Feb 18, 2019 | Federal Regulation, Litigation, News
← Previous Article Next Article → In a letter to the Consumer Financial Protection Bureau (CFPB), 22 Democratic state attorneys general (AGs) said the CFPB should revise its policy concerning no-action letters and should rethink its regulatory sandbox, which...
Feb 15, 2019 | Congressional Legislation, News, Tribal Sovereignty
← Previous Article Next Article → Late last night, the President pledged to sign H.J. Res. 31, a bill that would keep the government funded through the fiscal year. Although tribes will be spared another government shutdown for now, a future one is always...
Feb 14, 2019 | Congressional Legislation, FinTech, News
← Previous Article Next Article → Earlier this year, Maxine Waters, Chair of the House Financial Services Committee, listed financial technology (fintech) as a policy priority for the committee, and much of that work will start with the creation of a new...
Feb 12, 2019 | Federal Regulation, News
← Previous Article Next Article → Earlier today, the Comptroller of the Currency Joseph Otting voiced his support for the Consumer Financial Protection Bureau’s (CFPB) proposal to rescind the ability-to-repay requirements under its Final Rule regarding...
Feb 12, 2019 | Federal Regulation, Litigation, News
← Previous Article Next Article → Democratic leadership in the House Financial Services Committee has sent a letter to the Consumer Financial Protection Bureau (CFPB) asking for documents related to recent settlements. The letter points out that several...
