• 11.30.17

    Noreika Weighs In on Separation of Banking and Commerce

    In his last remarks as Acting Comptroller of the Office of the Comptroller of the Currency (OCC), Keith A. Noreika took on the “taboo” topic of removing the separation between banking and commerce.

  • 11.09.17

    OCC’s Noreika Continues Conversation on Innovation, Fintechs

    Acting Comptroller of the Office of the Comptroller of the Currency (OCC) Keith Noreika continued speaking out on changes in the financial services industry—and the potential for fintech charters—in recent remarks.

  • 10.25.17

    The CFPB Arbitration Rule Is Dead, or Is It?

    By now you’ve heard that the Senate has killed the Consumer Financial Protection Bureau’s (CFPB’s) arbitration rule.

  • 10.12.17

    Cybersecurity, Data Breaches Continue to Make Headlines

    Cybersecurity continues to make headlines in the financial services industry, from the recent announcement that the Securities and Exchange Commission (SEC) was targeted by hackers to final approval of the settlement in a class action brought by financial institutions against Home Depot after a ...

  • 10.12.17

    CFPB News: Recent Updates and Actions

    It has been a particularly busy period for the Consumer Financial Protection Bureau (CFPB), which issued a proposed rule governing payday lending, received a mixed decision from a California federal court judge in a lawsuit against a company offering a biweekly payment program, modified the Equal ...

  • 10.12.17

    Bank Compels Arbitration of Overdraft Class Action

    Reversing a Florida district court action, the U.S. Court of Appeals, Eleventh Circuit agreed with a national bank that a class action challenging overdraft fees should be moved to arbitration.

  • 10.12.17

    OCC Head Talks Changing Business Models, Madden Fix

    Speaking at an industry event, Acting Comptroller of the Office of the Comptroller of the Currency (OCC) Keith Noreika discussed changing business models as well as the need for a “ Madden fix.”

  • 10.12.17

    Payday Debt Collector, Servicer Must Forgive $12M

    Shortly before the Consumer Financial Protection Bureau (CFPB) issued its payday loan rule, the New York Department of Financial Services (DFS) announced a consent order with a payday loan servicer and debt collector totaling almost $12 million in loan forgiveness.

  • 10.12.17

    SEC Gets Tough on ICOs, Files First Fraud Case

    The SEC has filed charges against multiple ICO sponsors alleging securities law violations.

  • 09.28.17

    New From the CFPB: No-Action Letter, Online Aggregator Targeted

    In the latest Consumer Financial Protection Bureau news, the Bureau issued its first no-action letter (of any kind), and did so to an online lending platform.