NAFSA Hosts Second Annual Tribal Lending Regulatory Workshop
← 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...
President’s Budget Proposes Changes to CFPB Funding Structure
← 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...
CFPB Director Kraninger Faces the Senate Banking Committee
← 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...
Senate Democrats Attempt to Federally Enforce State Usury Laws
← 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...
House Financial Services Committee Hearing Highlights the Continued Partisan Divide Over the CFPB
← 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...
Opportunity Zones in Indian Country
← 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...
Fintech Outpaces Banks and Credit Unions in Personal Loans
← 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...
Midland Funding Case Reaches a Settlement
← Previous Article Next Article → In 2015, the Second Circuit Court of Appeals issued a ruling in Madden v. Midland Funding that seemed to overturn the “valid-when-made” doctrine, sending shock waves through the financial services sector. Denied a hearing by...
