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Posted by An Unlikely Solution on Tuesday, January 12, 2016
During the Obama administration, lending firms in Indian Country faced intense scrutiny from federal and state regulators. That's what led the Consumer Financial Protection Bureau, an independent federal agency, to propose new standards for tribal and commercial businesses. Tribal lenders quickly criticized the rule, which drew more than 1.3 million comments, according to regulations.gov. But it hasn't been finalized and the White House did not respond to The Times when asked about potential contacts with Lewandowski and his firm, Lewandowski Strategic Advisors. Just last month, the agency finalized a different rule that bars the use of arbitration clauses in certain financial agreements. Tribes, though, are exempt. Read More on the Story:
Trump Loyalist Mixes Businesses and Access at ‘Advisory’ Firm (The New York Times 8/1)
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