• 01.07.20

    2019 Financial Services M&A and Capital Markets Year in Review

    Although it was very quiet on the western front (in particular, in California), 2019 was generally a solid year for banks pursuing merger and acquisition opportunities and accessing the capital markets.

  • 12.31.19

    CFPB Happenings: Workshop, TRID Guidance, Constitutionality Briefs

    To close out a busier-than-expected 2019, the Consumer Financial Protection Bureau (CFPB or Bureau) held a workshop in conjunction with the Federal Trade Commission (FTC); published additional guidance under the TILA-RESPA Integrated Disclosure (TRID) Rule; issued an annual report on TILA, EFTA and ...

  • 12.24.19

    PayPal Hits CFPB With Lawsuit Over Prepaid Rule

    PayPal, Inc., filed suit against the Consumer Financial Protection Bureau (CFPB) recently, challenging the Prepaid Accounts Under the Electronic Fund Transfer Act (Regulation E) and the Truth in Lending Act (Regulation Z) Rules as a violation of its First Amendment rights.  

  • 12.24.19

    Regulators Ease Oversight of Hemp Businesses

    In new guidance, banking regulators eased oversight of financial institutions working with hemp-related businesses.

  • 12.24.19

    FDIC Proposes to Update Brokered Deposits Regs

    In a notice of proposed rulemaking (NPRM), the Federal Deposit Insurance Corporation (FDIC) announced its plan to update its brokered deposits regulations.

  • 12.18.19

    FDIC Works With States, Considers Section 19 Rule Adjustments

    Is the Federal Deposit Insurance Corporation (FDIC) moving to work more closely with the state regulators with whom it shares so much prudential authority?

  • 12.18.19

    DOJ Clarifies FCPA Corporate Enforcement Policy

    In the latest update to the Department of Justice’s (DOJ) Foreign Corrupt Practices Act (FCPA) Corporate Enforcement Policy, the agency formalized prior guidance as to how companies can voluntarily disclose information in order to receive leniency.

  • 12.18.19

    Bank Must Face FCRA Suit, Eleventh Circuit Rules

    In a cautionary tale for banks, the U.S. Court of Appeals, Eleventh Circuit held that a plaintiff could move forward with his Fair Credit Reporting Act (FCRA) suit after a national bank allegedly failed to investigate a disputed item and used false pretenses to obtain multiple credit reports.

  • 12.11.19

    Supreme Court Alert: FDCPA Limitations Period Runs From Violation, Not Discovery

    In a victory for common sense, the Supreme Court has ruled, in Rotkiske v. Klemm, that the Fair Debt Collection Practices Act’s statute of limitations begins to run when the alleged FDCPA violation occurs, not when the violation is discovered. 

  • 12.11.19

    CFPB News Roundup: Appeals Activism, TRID Review, SCOTUS Date and More

    As 2019 nears an end, the Consumer Financial Protection Bureau (CFPB or Bureau) has remained busy, challenging a class action settlement in Maryland, seeking public comment on the TRID disclosure rule, releasing its latest rule-making agenda and its eighth annual Ombudsman Office report, reaching a ...

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