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Australian Government Calls for Interchange Fee Ban
One would expect that years of failing policy would force policymakers to reconsider the wisdom of their actions. But not for the Australian Productivity Commission,…
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California Supreme Court Rules Interest Rates May Be ‘Unconscionable’
Last Monday, the California Supreme Court ruled that interest rates on loans over $2,500 could be deemed ‘unconscionable’ even if usury laws permit them. In…
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Finance Regulators Create New National Charter for Innovative ‘Fintech’ Companies
After years of speculation, the Office of the Comptroller of the Currency (OCC) announced Tuesday that it would begin considering applications for special purpose…
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New York State’s Flawed Online Lending Report
Earlier this month, the New York Department of Financial Services (NYDFS) released a study of online lending, including findings and recommendations for changes in…
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Appeals Court Rules Federal Housing Finance Agency Unconstitutional
Big news out of the Fifth Circuit Court of Appeals—the Federal Housing Finance Agency (FHFA) is unconstitutionally structured. The FHFA was created in the wake…
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Five Questions for Bureau of Consumer Financial Protection Nominee Kathy Kraninger
Kathy Kraninger, President Trump’s nominee to head the Bureau of Consumer Financial Protection (formerly known as the Consumer Financial Protection Bureau, or CFPB), will…