By aceuser

During the Crossroads: The Customer Financial Protection Bureau and Tribal Lending

During the Crossroads: The Customer Financial Protection Bureau and Tribal Lending

By Conor L. McSweeney

The customer Financial Protection Bureau (CFPB) is just an agency that is federal in its infancy, just produced in the aftermath regarding the Great Recession pursuant towards the landmark Dodd-Frank Act. The CFPB has tried to continue on as business as usual after President Trump’s election success, inspite of the greater concentrate on decreasing legislation within the financial industry being at the forefront regarding the President’s plans for many federal agencies. The agency finds itself at a crossroads with the original Director of the CFPB due to step down, and a successor handpicked by President Trump likely to minimize the regulatory might of the CFPB. Among the regions of monetary regulation the CFPB is particularly dedicated to is tribal financing, where indigenous American tribes form legal entities that offer loans online at predatory prices while additionally claiming sovereign resistance from many lawsuits and justice with respect to the customer.   Read more