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Government Relations Updates

The Many Shapes and Sizes of Bank Discontinuance

Government Relations Updates

The Many Shapes and Sizes of Bank Discontinuance In a report in American Banker this week, federal regulators are investigating Bank of...
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Test Post

Government Relations Updates

The 2nd Session of the 117th Congress has convened. New legislation is being filed and the sponsors of bills already in committee...
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TEAM GRC CONGRESS UPDATES

Government Relations Updates

Goverment relations  Team GRC Congress Update 1/13/2022    The 2nd Session of the 117th Congress has convened. New legislation is...
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Be Sure That Your Pawn Store’s Advertising Complies with TILA

Government Relations, Government Relations Updates

December 9, 2021  TILA (Truth in Lending Act) compliance remains important and is a top priority for the CFPB.   TILA regulates the...
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Frequently Asked Questions: Compliance with the Military Lending Act

Government Relations, Government Relations Updates

Updated November 23, 2021  We’re here with answers to NPA members’ recent questions on Military Lending...
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36% Rate Cap Bill filed in the U.S. House of Representatives

Government Relations, Government Relations Updates, Legislative Updates & Alerts, Rate Cap

On November 15, 2021, H. R. 5974 the Veterans and Consumers Fair Credit Act was introduced by Rep. Jesus G. “Chuy” Garcia, (IL-D-4)....
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Protecting Your Business and the Pawn Industry Following the CFPB’s Military Lending Act Enforcement Action against First Cash/Cash America West, Inc.

Government Relations, Government Relations Updates

November 16, 2021  The NPA has reviewed the CFPB’s Military Lending Act (MLA) enforcement action against First Cash, Inc./Cash...
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CFPB Commences Military Lending Act Enforcement Action Against  FirstCash, Inc. and Cash America West, Inc. 

Government Relations, Government Relations Updates

November 12, 2021  Earlier today, the CFPB filed an action in Texas federal district court against FirstCash, Inc. and Cash America...
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Buy Now, Pay Later In The News

Government Relations, Government Relations Updates

11/4/2021  Buy Now Pay Later (BNPL) is not just for online shopping. It is another option for extending credit to consumers on...
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Update On IRS Reporting Plan

Government Relations, Government Relations Updates

10/28/2021 Latest episode in the mini-series about an IRS reporting plan is…  Some media reports the plan is dead, but...
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Postal Banking Pilot Program Not Authorized by Congress

Government Relations, Government Relations Updates

10/28/2021 Ranking Members of the House Financial Services and the Oversight and Reform Committees sent a letter to the Postmaster General...
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IRS Treasury Fact Sheet

Government Relations, Government Relations Updates

What is the latest DC discussion on the Administration/Treasury/IRS modified proposal to receive information on your...
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New Director of the CFPB

Government Relations, Government Relations Updates

After months of hearings, discussions, etc. Rohit Chopra was sworn in as Director of the CFPB on October 12, 2021. His opening statement...
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Reporting Customer Information

Government Relations Updates, NPA News

Will the proposed $600 reporting of customers’ accounts affect the requirements on pawnbrokers? The discussions, speculation...
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Protecting Financial Privacy Act

Government Relations, Government Relations Updates

The Biden Administration’s proposal for the IRS to monitor every American’s financial transaction of $600 or more will see another...
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