• 07.28.17

    Is the Party Over? SEC Concludes Cryptocurrency Offering Required Registration

    In an investigative report and investor bulletin, the SEC concludes that offers and sales of cryptocurrency coins and tokens may be subject to federal securities laws.

  • 07.27.17

    SCOTUS Limits Reach of Fair Debt Collection Practices Act

    In a unanimous decision, the Supreme Court narrowly interpreted “debt collector” under the Fair Debt Collection Practices Act to exclude debt purchasers engaging in collection efforts for their own accounts.

  • 07.20.17

    Payday Lenders’ Operation Choke Point Challenge Survives Dismissal

    Two new Consumer Financial Protection Bureau (CFPB) reports provide important insights into the CFPB’s and state regulators’ latest activities and enforcement targets.

  • 07.20.17

    CFPB Issues Semiannual Report, State-Level Snapshot of Complaints

    Two new Consumer Financial Protection Bureau (CFPB) reports provide important insights into the CFPB’s and state regulators’ latest activities and enforcement targets.

  • 07.10.17

    Treasury Spends Ink on Regulatory Changes

    The Treasury Department, in the first of four reports to President Trump detailing its review of financial regulations and its recommendations about potential changes to the depository system, proposed major changes in the Consumer Financial Protection Bureau (CFPB) structure as well as a ...

  • 07.10.17

    CFPB Proposes Changes to Prepaid Card Rule

    The Consumer Financial Protection Bureau (CFPB) has requested comment on proposed changes to its prepaid rule, including the potential for another extension of the effective date of the rule.

  • 06.23.17

    House Approves Rollback of Post-Recession Financial Reforms

    In a party line vote, the House of Representatives approved the Financial CHOICE Act of 2017. If signed into law, this legislation would profoundly alter the financial services regulatory landscape put in place after the 2007–08 financial crisis.

  • 06.22.17

    Supreme Court: FDCPA Doesn’t Cover Owned Debt

    A bank or other person may collect debts that it purchased for its own account without triggering the statutory requirements of the Fair Debt Collection Practices Act, a unanimous Supreme Court recently ruled.

  • 06.22.17

    CFPB Encourages Changes to Deferred Interest Promotions

    Deferred interest promotions should be more transparent, the Consumer Financial Protection Bureau told retail credit card companies in letters encouraging recipients to be more open with consumers.

  • 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 ...

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