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The Many Shapes and Sizes of Bank Discontinuance
The Many Shapes and Sizes of Bank Discontinuance In a report in American Banker this week, federal regulators are investigating Bank of...
Test Post
The 2nd Session of the 117th Congress has convened. New legislation is being filed and the sponsors of bills already in committee...
TEAM GRC CONGRESS UPDATES
Goverment relations Team GRC Congress Update 1/13/2022 The 2nd Session of the 117th Congress has convened. New legislation is...
Be Sure That Your Pawn Store’s Advertising Complies with TILA
December 9, 2021 TILA (Truth in Lending Act) compliance remains important and is a top priority for the CFPB. TILA regulates the...
Frequently Asked Questions: Compliance with the Military Lending Act
Updated November 23, 2021 We’re here with answers to NPA members’ recent questions on Military Lending...
36% Rate Cap Bill filed in the U.S. House of Representatives
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)....
Protecting Your Business and the Pawn Industry Following the CFPB’s Military Lending Act Enforcement Action against First Cash/Cash America West, Inc.
November 16, 2021 The NPA has reviewed the CFPB’s Military Lending Act (MLA) enforcement action against First Cash, Inc./Cash...
CFPB Commences Military Lending Act Enforcement Action Against FirstCash, Inc. and Cash America West, Inc.
November 12, 2021 Earlier today, the CFPB filed an action in Texas federal district court against FirstCash, Inc. and Cash America...
Buy Now, Pay Later In The News
11/4/2021 Buy Now Pay Later (BNPL) is not just for online shopping. It is another option for extending credit to consumers on...
Update On IRS Reporting Plan
10/28/2021 Latest episode in the mini-series about an IRS reporting plan is… Some media reports the plan is dead, but...
Postal Banking Pilot Program Not Authorized by Congress
10/28/2021 Ranking Members of the House Financial Services and the Oversight and Reform Committees sent a letter to the Postmaster General...
IRS Treasury Fact Sheet
What is the latest DC discussion on the Administration/Treasury/IRS modified proposal to receive information on your...
New Director of the CFPB
After months of hearings, discussions, etc. Rohit Chopra was sworn in as Director of the CFPB on October 12, 2021. His opening statement...
Reporting Customer Information
Will the proposed $600 reporting of customers’ accounts affect the requirements on pawnbrokers? The discussions, speculation...
Protecting Financial Privacy Act
The Biden Administration’s proposal for the IRS to monitor every American’s financial transaction of $600 or more will see another...
