The Trump administration is proposing major changes to the Community Reinvestment Act — a law first enacted in 1977 — that experts believe could mean big changes for the rules that govern lending to poor borrowers. According to Wall Street Journal reports, the net effect of...
When the Justice Department abruptly announced its revocation of the Cole Memo — the set of federal guidelines that allowed the legal marijuana industry to operate at the state level despite its status as an illegal Schedule 1 narcotic — it neglected to contact the...
Democratic Senators Elizabeth Warren and Mark Warner are introducing new legislation that would allow the U.S. government to levy fines on companies that are the subject of data breaches. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Acting head of the Consumer Financial Protection Bureau (CFPB), Mick Mulvaney, is coming under fire by Senator Elizabeth Warren over limits placed on staff members to access or acquire digital data. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Internet Association (IA), a lobbying group that represents the likes of Amazon, Facebook, Google and Netflix, is joining a lawsuit against the Federal Communication Commission’s move to get rid of net neutrality. Get the Full Story Complete the form to unlock this article and enjoy...
Across the regulatory landscape, it is not just where you’ve been, where the rules are in place, but where the rules are headed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Race car driver and Kansas businessman Scott Tucker has been sentenced to 16 years and eight months in jail for crimes associated with Tucker’s payday lending business. According to a report in Reuters, the sentencing came down from U.S. District Judge Kevin Castel in Manhattan....
Attorney General Jeff Sessions has sent a directive to U.S. attorneys, taking back Obama-era directives that relaxed enforcement of federal pot laws on states in which it is legal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The top Democrat on the Senate Banking Committee is imploring the Trump administration to support the Consumer Financial Protection Bureau’s ruling against PHH Corporation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
