President Trump had the right to fire two Democratic NCUA board members because federal law affords them no protection from being ousted, the administration argued in federal court.
“Because Congress has not enacted any statutory restrictions on the President’s authority to remove NCUA Board Members, they are removable at will,” the administration said in a brief filed in the U.S. Court of Appeals for the District of Columbia.
In early August, President Donald J. Trump signed an Executive Order aimed at preventing financial institutions from denying or restricting services based on political or religious beliefs or lawful business activities. The measure, titled “Guaranteeing Fair Banking for All Americans,” directs federal regulators to eliminate what the administration calls “politicized or unlawful debanking.”
Artificial intelligence (AI) is no longer a theoretical add-on in collections. It is already embedded in how lenders, agencies, and settlement partners segment accounts, route communications, and predict repayment outcomes. From conversational chatbots to advanced risk scoring models, AI is becoming part of the operational backbone of recovery.
Today’s podcast episode is a continuation of a previous repurposed webinar held on August 12th, focusing on emerging opportunities in the consumer financial services sector under the Trump administration. The session aims to provide insights into the evolving regulatory landscape and its implications for businesses and consumers. The first part of the webinar, released last Thursday, September 4, covered the recently passed GENIUS Act (which creates a federal infrastructure for Stablecoin); developments in crypto-backed lending and credit builder loans; the mortgage industry; developments in earned wage access and rent-to-own and lease-to-own financing products; and insights on income share agreements.
Eric Caldwell and David Hernandez will be permanently banned from the debt relief industry and required to turn over their assets to resolve Federal Trade Commission charges that they helped operate an illegal student loan debt-relief operation. Additionally, Caldwell will be banned from the telemarketing industry, and Hernandez will be prohibited from violating the Telemarketing Sales Rule.
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