Battle Brewing over CFPB’s Authority to Monitor MLA Compliance
← Previous Article Next Article → Does the Consumer Financial Protection Bureau (CFPB) have the authority to monitor compliance with the Military Lending Act (MLA)? Senate Democrats insist that it does, but CFPB Director Kathy Kraninger believes it does not....
Settlement Reached in Choke-Point Suit
← Previous Article Next Article → According to a court filing last week, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) have reached a deal with several payday lenders that could spell the end of a...
One in Four Americans Are Unable to Cover an Unexpected Expense of $400
← Previous Article Next Article → About 40 percent of Americans would be unable to cover an unexpected expense of $400, according to a recent report by the Federal Reserve. Although there have been improvements in the financial well being of many Americans,...
Washington State Announces Historic Tribal Consultation Policy
← Previous Article Next Article → Washington State’s Attorney General (AG) Bob Ferguson announced earlier this month a new tribal consent and consultation policy that is historic in nature. The policy aims to not only acknowledge the concept of tribal...
Non-Prime Online Lending Trends and Consumer Feedback Share Common Ground
← Previous Article Next Article → Sponsored by Lenders and consumers are finding each other online.Findings from Clarity’s 2019 Alternative Financial Services Lending Trends report agree with our recent consumer research, where several non-prime...
NCUA Grants Charter to Tribal Credit Union
← Previous Article Next Article → The National Credit Union Administration (NCUA) announced yesterday that it had granted its first federal credit union (FCU) charter in 2019, presenting it to the Otoe-Missouria FCU in Red Rock, Oklahoma. “I congratulate the...
Fed Releases Financial Stability Report
← 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...
Mixed Reactions to CFPB’s Debt Collection Rulemaking
← 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...
