CFPB Releases New Report on Credit Invisibility
← Previous Article Next Article → The Consumer Financial Protection Bureau (CFPB) released a report on Monday that explores the impact that geography has on credit invisibility. The report, “The Geography of Credit Invisibility,” builds on CFPB’s previous...
NAFSA Launches Digital Financial Literacy Program
← Previous Article Next Article → The Native American Financial Services Association (NAFSA) is pleased to announce the launch of our Digital Financial Literacy Program. This program is designed to provide easy-to-understand information to help people better...
A New Constitutional Challenge to the Consumer Financial Protection Bureau
← Previous Article Next Article → State National Bank of Big Spring alongside two non-profit organizations recently filed a petition for certiorari – a request for the Supreme Court to hear a case – that challenges the constitutionality of the...
Federal Agencies Issue Joint Statement Clarifying Supervisory Guidance
← Previous Article Next Article → Five federal agencies – The Federal Reserve, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Consumer Financial Protection...
Banks Eying a Return to Small-Dollar Installment Loans?
← Previous Article Next Article → U.S. Bank, the largest regional bank in the United States, announced yesterday that it would begin providing small-dollar loans between $100 and $1,000 to its customers, making it the first national bank to offer such loan...
Consumer Financial Protection Bureau Reinstates Advisory Boards
← Previous Article Next Article → On Friday, the Consumer Financial Protection Bureau (CFPB) reinstated its advisory boards, including the Consumer Advisory Board, the Community Bank Advisory Council, and the Credit Union Advisory Council. The reinstatement...
Supreme Court Nominee Considers the Consumer Financial Protection Bureau Unconstitutional
← Previous Article Next Article → Brett Kavanaugh, President Trump’s Supreme Court nominee to replace the now-retired Justice Anthony Kennedy, has faced rounds of questions this week from members of the U.S. Senate’s Judiciary Committee. Although Kavanaugh...
Citizens Bank, N.A. Argues Sustained Overdraft Fees Aren’t Interest
Rhode Island-based Citizens Bank, N.A, is requesting an appeals court to affirm a Massachusetts federal judge’s decision to dismiss a proposed class action lawsuit that alleges the bank’s sustained overdraft fees are actually illegal interest charges. Citing a 2007...
