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Supreme Court Reviews Consumer Protection Agency
Recently the Supreme Court of the United States (SCOTUS) ruled on a case that had to do with the regulations and rules governing the Consumer Financial Protection Bureau (CFPB). For background, the CFPB was introduced in 2008 financial industry regulation package with the goal to specifically “protect consumers from unfair, deceptive, or abusive practices and…
Federal Guidelines on Small Dollar Loans
Recently the Native American Financial Services Association (NAFSA) wrote about an update to guidelines on small dollar loans from the US Government. Four federal financial regulatory agencies recently released guidance titled ‘Interagency Lending Principles for Offering Responsible Small-Dollar Loans,’ encouraging credit unions, supervised banks, and savings associations to offer lending products to meet the short-term…
COVID Scams and How to Protect Yourself
Online and phone scammers are a constant pain, and have cost their victims around $10.5 Billion in recent estimates. Many of these types of scams involve someone either cold calling off of a phone list using a robocall, or first attacking someone’s computer with a virus and then demanding the victim call a scam company…