CFPB Signals Renewed Enforcement of Tribal Lending

CFPB Signals Renewed Enforcement of Tribal Lending

In modern times, the CFPB has delivered various communications regarding its approach to regulating tribal financing. The CFPB pursued an aggressive enforcement agenda that included tribal lending under the bureau’s first director, Richard Cordray. After Acting Director Mulvaney took over, the CFPB’s 2018 plan that is five-year that the CFPB had no intention of “pushing the envelope” by “trampling upon the liberties of our residents, or interfering with sovereignty or autonomy associated with states or Indian tribes.” Now, a current choice by Director Kraninger signals a come back to a far more aggressive position towards tribal financing associated with enforcing federal customer monetary laws and regulations. Continuer la lecture de « CFPB Signals Renewed Enforcement of Tribal Lending »