Dec 19, 2018 | Federal Regulation, News
← Previous Article Next Article → New Jersey might soon become the second state to ban cashless stores after the state’s Senate Commerce Committee voted unanimously in favor of a bill that would require businesses to accept cash. Massachusetts is currently...
Dec 18, 2018 | Congressional Legislation, Federal Regulation, News
← Previous Article Next Article → Twenty-three Democrats on the House Financial Services Committee sent a letter to Kathy Kraninger, the newly-installed director of the Consumer Financial Protection Bureau (CFPB), urging her to reinstate supervisory...
Dec 16, 2018 | Banks & Credit Unions, Congressional Legislation, News
← Previous Article Next Article → The Senate Banking Committee, one of the most coveted committees in Congress, has gained two new Democratic members, Senator-elect Kyrsten Sinema (D-AZ) and Senator Tina Smith (D-MN). They will replace Senators Joe Donnelly...
Dec 15, 2018 | Federal Regulation, News
← Previous Article Next Article → The Consumer Financial Protection Bureau (CFPB) released its annual Fair Lending Report last week, which covers the agency’s efforts to “fulfill its fair lending mandate” during the 2017 calendar year. Thus, most of the...
Dec 12, 2018 | Federal Regulation, News
← Previous Article Next Article → On her first day as head of the Consumer Financial Protection Bureau (CFPB), Kathy Kraninger held a press conference where she announced a three-month listening tour with the agency’s stakeholders, which would include...
Dec 12, 2018 | Financial Literacy, News
← Previous Article Next Article → Budgeting your personal finances is vital all year but even more essential during the holiday season when spending can be at an all-time high. To help you create a budget, the Native American Financial Services Association...
Dec 11, 2018 | Federal Regulation, News
← Previous Article Next Article → Mick Mulvaney, the former acting director of the Consumer Financial Protection Bureau (CFPB), issued a proposed rule change on “No-Action Letters” that has drawn praise from the financial sector and criticism from consumer...
Dec 7, 2018 | Congressional Legislation, News
← Previous Article Next Article → If the Consumer Financial Protection Bureau (CFPB) changes its name to the Bureau of Consumer Financial Protection (BCFP), it could end up costing businesses $300 million, according to an internal agency analysis leaked to...
Dec 7, 2018 | Banks & Credit Unions, News
← Previous Article Next Article → The U.S. Postal Service (USPS) should stay away from postal banking, according to a recently released report by the Department of Treasury. The report’s primary goal was to “identify a path for the USPS to operate under a...
Dec 6, 2018 | Federal Regulation, News
← Previous Article Next Article → On December 6, the Senate voted along party lines to confirm Kathy Kraninger as the new director of the Consumer Financial Protection Bureau (CFPB). Kraninger will take over the federal agency from Mick Mulvaney, who has...
