• 12.14.17

    Madden Fix Legislation Moves Forward

    The House Financial Services Committee, by a vote of 42 to 17, passed a bill that would affect a “Madden fix,” moving the legislation forward to the full House of Representatives for consideration.

  • 11.09.17

    Experts Share Insights on the State of Marketplace Lending

    Brian Korn, partner and co-chair of the firm’s financial services group, spoke on a panel at the First Associates Marketplace Lending Networking Breakfast on Nov. 1 in New York.

  • 10.12.17

    OCC Head Talks Changing Business Models, Madden Fix

    Speaking at an industry event, Acting Comptroller of the Office of the Comptroller of the Currency (OCC) Keith Noreika discussed changing business models as well as the need for a “Madden fix.”

  • 09.28.17

    New From the CFPB: No-Action Letter, Online Aggregator Targeted

    In the latest Consumer Financial Protection Bureau news, the Bureau issued its first no-action letter (of any kind), and did so to an online lending platform.

  • 08.17.17

    Forecast: Abundance of Potential New Rulemaking From the CFPB

    After making headlines with its controversial arbitration rule, the embattled Consumer Financial Protection Bureau (CFPB or Bureau) released its rulemaking agenda for the rest of the year, putting financial services companies on notice about forthcoming rules on payday, title, high-cost installment ...

  • 08.17.17

    Legislation Would Legalize ‘Valid When Made’ Rule

    A new bill introduced by Sen. Mark Warner (D-Va.) would overrule the U.S. Court of Appeals, Second Circuit, decision in Madden v. Midland Funding and legalize the “valid when made” rule.

  • 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.

  • 05.25.17

    Curry Defends OCC's Fintech Charter, New York's DFS Sues

    Stepping down as the leader of the Office of the Comptroller of the Currency (OCC), Thomas J. Curry highlighted the efforts of the agency to encourage financial innovation, particularly the agency's decision to grant fintech charters, as another lawsuit was filed challenging those charters.

  • 05.25.17

    Curry Defends OCC's Fintech Charter, New York's DFS Sues

    Stepping down as the leader of the Office of the Comptroller of the Currency (OCC), Thomas J. Curry highlighted the efforts of the agency to encourage financial innovation, particularly the agency's decision to grant fintech charters, as another lawsuit was filed challenging those charters.

  • 05.12.17

    CSBS Sues OCC Over Fintech Charters

    An organization of state banking regulators hit the Office of the Comptroller of the Currency with a lawsuit, claiming the federal agency’s plan to issue fintech charters exceeds its authority.