Newsletters

01.20.21

CFPB News: How Warren Protégé Chopra Will Impact Consumer Financial Protection

Rohit Chopra will be nominated as the next Director of the Consumer Financial Protection Bureau.


01.20.21

California Financial News: Enhanced DFPI Prepares to Flex Its Muscles

As we previously reported, the newly established California Department of Financial Protection and Innovation (DFPI) starts the new year with greatly enhanced powers, and it is making sure consumers, industry and the general public are on sufficient notice.


01.11.21

CFPB Taskforce Issues Report Setting High-Level Agenda and Priorities

The Consumer Financial Protection Bureau released its long-awaited two-volume Taskforce Report on Consumer Financial Law as expected last week, following a yearlong effort.


01.05.21

Fintech Year in Review—2020

As we prepare to put 2020 in the rearview mirror, many of us will not have fond memories of the year.


12.23.20

CARES Act Litigation: Stimulus Bill Decimates Agent Fee Class Action Lawsuits

In its recent passage of the 2021 stimulus bill, Congress may have vanquished the last hopes of the plaintiffs’ bar seeking to require Paycheck Protection Program (PPP) lenders to pay agent fees for accountants in a wave of putative class action lawsuits.


12.22.20

CFPB 2020 Year in Review and What to Expect in 2021

It was another busy year for the Consumer Financial Protection Bureau (CFPB or Bureau), with two lead stories this year: constitutionality and the COVID-19 pandemic.


12.21.20

CFPB News: Bureau Finalizes Part Two of FDCPA Disclosure Rules

Completing a process long in the works, the Consumer Financial Protection Bureau has issued the second part of its final Debt Collection Rule.


11.23.20

Consent Order Confirms California MCA Enforcement Campaign

On November 12, 2020, the California Department of Financial Protection and Innovation (DFPI) (until recently called the Department of Business Oversight) entered into a consent order with Allup Finance LLC (Allup) finding that Allup’s merchant cash advance (MCA) product was a disguised ...


10.30.20

CFPB Enforcement: How the Latest Changes Impact Covered Entities

The Consumer Financial Protection Bureau (CFPB, or the Bureau) has announced major changes to its organizational structure, placing enforcement operations under the control of the supervision office.


10.15.20

COVID-19 Emergency Powers: MI Supreme Court Places Many Remotely Notarized Mortgage Loans at Risk

A recent ruling by the Michigan Supreme Court nullifying hundreds of emergency orders by Michigan Governor Gretchen Whitmer may have profound implications for those mortgage loans closed in reliance on the expanded remote notarization provisions established by emergency order, including with ...