• 03.20.19

    Supremes Resolve Circuit Split Under FDCPA Impacting Law Firms

    In a key decision resolving a split among appeals courts, the Supreme Court unanimously ruled today, in Obduskey v. McCarthy & Holthus LLP, that law firms that carry out nonjudicial foreclosures are not considered debt collectors under the Fair Debt Collection Practices Act.

  • 03.13.19

    Deal Final in FTC’s Action Against Online Lender

    The Federal Trade Commission (FTC) has finalized its deal with SoFi, an online lender that the agency had accused of making false statements about student loan refinancing.

  • 03.13.19

    From Fintech Charters to Sandboxes

    Financial technology news includes the continuing battle over the Office of the Comptroller of the Currency’s (OCC) plan to issue special-purpose national bank (“fintech”) charters, with the agency seeking to dismiss lawsuits by the Conference of State Bank Supervisors (CSBS) and ...

  • 03.13.19

    Credit Unions Push DOJ for ADA Guidance

    Financial institutions need help, the Credit Union National Association (CUNA) told newly confirmed U.S. Attorney General William Barr, urging the Department of Justice (DOJ) to provide clear guidance on how it believes the Americans with Disabilities Act (ADA) applies to website accessibility.

  • 03.13.19

    CFPB News: Kraninger Testifies, Interagency Deals and Other Musings

    It has been another eventful news cycle for the Consumer Financial Protection Bureau (CFPB or Bureau), as its new director, Kathy Kraninger, appeared before the House Financial Services Committee, facing tough questions about her leadership.

  • 03.13.19

    RESPA New Private Actions? Massachusetts OKs NOE Error Suit

    Just a limited set of Real Estate Settlement Procedures Act (RESPA) claims allow for private rights of action, but the list might be growing larger.

  • 02.27.19

    CFPB News: Short-Term Lending, Enforcement Concerns, Disclosure Sandbox

    Short-term lending remains in the news at the Consumer Financial Protection Bureau (CFPB or Bureau), with the CFPB proposing to rescind key ability-to-repay provisions of a much-debated payday lending rule and with the announcement of a $100,000 enforcement action settlement with a short-term ...

  • 02.27.19

    Data Security News: New Federal Privacy Bill?

    Are we about to see some bipartisan legislation to improve privacy and data security?

  • 02.27.19

    Smoke Signal From Congress: Movement on Cannabis Banking?

    Lawmakers recently met to consider cannabis banking, discussing two different bills that have been introduced to solve the problem of providing financial services to an industry that operates under a cloud imposed by federal law.

  • 02.27.19

    CRA Reforms Move Forward

    Joint rulemaking on CRA reform may finally be in the works, including amendments tailored to the vastly changed environment since its passage.