• 12.14.17

    The Battle Over CFPB Leadership Continues

    Although the first round in the battle over leadership of the Consumer Financial Protection Bureau went to President Donald Trump’s pick for the position, the fight continues, leaving the CFPB’s ongoing work very unsettled.

  • 12.14.17

    Cybersecurity Guidance on SEC Horizon

    In a push for increased cybersecurity vigilance, the Securities and Exchange Commission indicated its plans to amend existing data security guidance, including the reporting of data breaches.

  • 12.14.17

    Banks Find Success Suing Over Data Breaches

    Banks continue to file suit against retailers, hoping to shift the costs of data breaches, with some recent success.

  • 11.09.17

    FTC Launches ‘Game of Loans’ Initiative

    Deceptive student loan debt relief scams are the target of a new coordinated federal-state law enforcement initiative led by the Federal Trade Commission (FTC).

  • 10.26.17

    Equifax Fallout Continues, Spreads Across Industry—and Pond

    The fallout from the Equifax data breach continues, reaching other credit reporting companies and all the way across the Atlantic Ocean.

  • 10.26.17

    Cybersecurity Among Focus for OCC Supervision in 2018

    What will the Office of the Comptroller of the Currency (OCC) focus on in 2018?

  • 09.28.17

    Equifax Breach Felt From Lawsuits to Legislation to … Arbitration?

    As the Equifax data breach continues to reverberate—with multiple class actions filed, calls to revamp the credit reporting industry and new legislation proposed—even the arbitration rules of the Consumer Financial Protection Bureau (CFPB) may see an impact.

  • 09.28.17

    California Bill Would Ban Arbitration in Fraudulent Bank Contracts

    In the wake of a scandal involving a national bank that allegedly opened millions of accounts without the consent of consumers, the California legislature has passed a bill that would prohibit the application of mandatory arbitration clauses to bank accounts that were created fraudulently.

  • 09.28.17

    Bank Pays $1.5M for Ancillary Products Issues

    The Office of the Comptroller of the Currency (OCC) has levied a $1.5 million civil money penalty against a Missouri-based bank for alleged violations of Section 5 of the Federal Trade Commission Act.

  • 06.08.17

    California Court Upholds CFPB’s Constitutionality, Request for CID

    Taking the opposite approach from recent decisions of the U.S. Court of Appeals for the D.C. Circuit, a California federal court upheld the constitutionality of the Consumer Financial Protection Bureau while also ordering the defendant to comply with a civil investigative demand issued by the ...