• 07.05.18

    CFPB News: More Reports, Settlements and Actions Dropped

    In another news-heavy cycle, the Bureau of Consumer Financial Protection (CFPB) released a report on year-end credit card borrowing, dropped a potentially major RESPA-based investigation on co-marketing practices, and reached two major settlements.

  • 07.05.18

    Lawmaker Calls On Financial Regulators to Halt ‘Regulation by Enforcement’

    Concerns about “regulation by enforcement” continue to make headlines as Rep. Blaine Luetkemeyer (R-Missouri) reached out to federal financial regulators to encourage a halt to this “unsettling trend.”

  • 07.05.18

    Installment Consumer Lending Falls in California, DBO Reports

    The California Department of Business Oversight (DBO) released a pair of reports on installment consumer lending for 2017, finding that the combined dollar amount of installment consumer loans by nonbanks in the state fell almost 10 percent over the prior year.

  • 07.05.18

    OCC Priorities Include CRA Modernization, BSA/AML Compliance

    In testimony before both houses of Congress, Office of the Comptroller of the Currency (OCC) Comptroller Joseph M. Otting shared with lawmakers his priorities for the federal bank regulatory agency.

  • 06.21.18

    NY Federal Judge: CFPB Structure Unconstitutional

    Dismissing the CFPB from a suit it joined with the New York attorney general, a federal judge sitting in New York has ruled that the structure of the Bureau of Consumer Financial Protection (formerly known as the Consumer Financial Protection Bureau, or CFPB) is unconstitutional, requiring ...

  • 06.20.18

    Supremes: No More Class Action Stacking

    A putative class action plaintiff may not launch a new class action lawsuit after an earlier court denies class certification if the applicable statute of limitations has run, says the U.S. Supreme Court, in a unanimous ruling in China Agritech v. Resh.

  • 06.20.18

    CFPB News: Mulvaney Replacement, BCFP Signage and Other Musings

    As the President nominates the virtually unknown Kathy Kraninger as Director, the Acting Director gets a reprieve while taking a wrecking ball to the status quo at the agency formerly known as the CFPB.

  • 06.20.18

    Enforcement: PHH Suit Gone but Other Enforcement Activity Continues

    As the  Consumer Financial Protection Bureau (CFPB or Bureau) withdraws from enforcement, activity continues in the courts and with certain other regulators.

  • 06.20.18

    Bill Spurs Buzz on Banking Services to Marijuana Businesses

    Federal efforts to reduce the restrictions placed on cannabis businesses that operate legally under state law are picking up, with new legislation proposed and indications from the administration that it will let states take the lead with regard to enforcement.

  • 06.20.18

    Payday Lender Wins Over South Dakota Banking Regulator

    A payday lender in South Dakota scored a victory in its lawsuit against the state’s banking regulator when a federal court judge agreed that the South Dakota Division of Banking exceeded its authority by revoking the plaintiff’s operating licenses.



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