In the past few years, 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 bureauвЂ™s first director, Richard Cordray. After Acting Director Mulvaney took over, the CFPBвЂ™s 2018 plan that is five-year that the CFPB had no intention of вЂњpushing the envelopeвЂќ by вЂњtrampling upon the liberties of our residents, or interfering with sovereignty or autonomy for the states or Indian tribes.вЂќ Now, a current choice by Director Kraninger signals a return to an even more aggressive position towards tribal financing linked to enforcing federal customer economic rules. (more…)
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