• 12.05.18

    CFPB News: Enforcement Action, Favorable Amicus, Possible Director Vote

    Have we seen the last of Mick Mulvaney as acting head of the Bureau of Consumer Financial Protection (CFPB or Bureau)?

  • 12.05.18

    Operation Choke Point Litigation Stirs Up Lawmaker Concern—Again

    According to a group of payday lenders, the reverberations of Operation Choke Point are still being felt.

  • 12.05.18

    FTC Sends Money Transfer Service $125M Penalty, Expanded Order

    An international money transfer service must pay $125 million after it failed to take the steps required in a 2009 consent order it had agreed to with the Federal Trade Commission (FTC) and a 2012 Deferred Prosecution Agreement (DPA) entered into with the Department of Justice (DOJ).

  • 11.07.18

    Ruling on Surcharge Law, NY Court Adds to Murky Situation

    In the latest piece of the surcharge controversy, New York’s highest court interpreted state law to hold that a merchant complies with the statute so long as it posts the total dollars and cents price charged to credit card users.

  • 11.07.18

    CFPB News

    The Bureau of Consumer Financial Protection (CFPB or Bureau) may have changed its name under Acting Director Mick Mulvaney, but its recent enforcement action against a small-dollar lender in Tennessee makes it look just like the old CFPB.

  • 10.24.18

    Insurance Won’t Cover Disgorgement Payment, NY Appellate Court Rules

    Applying a U.S. Supreme Court decision in the context of insurance coverage for a bank, a New York appellate court ruled that the amounts paid to the Securities and Exchange Commission (SEC) as disgorgement under a cease and desist order issued by the SEC were a “penalty” for which ...

  • 10.24.18

    Latest State Action: Washington AG Sues Debt Collectors

    Demonstrating heightened enforcement efforts by some state regulators, Washington Attorney General Bob Ferguson filed suit against a pair of debt collection companies and their owner, asserting the defendants were operating without a license in violation of state law.

  • 10.24.18

    New Pilot Program Regulations Expand CFIUS’ Reach

    On October 10, 2018, the Department of the Treasury issued a set of interim regulations (31 C.F.R. Part 801) to implement certain provisions of the Foreign Investment Risk Review Modernization Act (FIRRMA), signed into law by President Trump on August 13, 2018.

  • 10.10.18

    Card Networks and Merchants Reach New Settlement Terms

    Will the second time be the charm? Two credit card networks and merchants representing the class suing them reached a revised agreement to put an end to a 13-year-old antitrust class action concerning the interchange fees merchants must pay and the card network rules imposed on merchants.  

  • 10.10.18

    New York DFS Files Second Suit Over OCC Fintech Charter

    Here we go again: The New York Department of Financial Services (DFS) has filed its second lawsuit against the Office of the Comptroller of the Currency (OCC) over the agency’s plan to permit fintech companies to apply for Special Purpose National Bank Charters.



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