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Wells Fargo donates $500,000 for minority microloan programs building entrepreneurship in Des Moines

Wells Fargo donates $500,000 for minority microloan programs building entrepreneurship in Des Moines Wells Fargo & Co. has donated $500,000 to Des Moines businesses offering little loans to minority business owners. Approximately half of this contribution is certainly going to Solidarity Microfinance, which offers loans beginning at $1,000 to workers…

The analysis summarized above implies that the CFPB has examination authority also over loan providers totally incorporated with a tribe.

The analysis summarized above implies that the CFPB has examination authority also over loan providers totally incorporated with a tribe. Offered the CFPB’s established intention to fairly share information from exams with state regulators, this scenario may provide a chilling possibility for TLEs. Both CFPB and state regulators have alternative…