• 12.14.17

    The Battle Over CFPB Leadership Continues

    Although the first round in the battle over leadership of the Consumer Financial Protection Bureau went to President Donald Trump’s pick for the position, the fight continues, leaving the CFPB’s ongoing work very unsettled.

  • 11.30.17

    Battle of Acting Directors: Round One to Mulvaney

    Earlier this week, a federal judge refused to grant a temporary restraining order preventing Mick Mulvaney from assuming the reins of the Consumer Financial Protection Bureau (CFPB) as acting director.

  • 11.30.17

    CFPB Hits Debt Settlement Services Provider With Lawsuit

    The Bureau of Consumer Financial Protection (CFPB or Bureau) has filed suit against the largest debt settlement services provider in the country, accusing the California-based entity of violating Dodd-Frank and the Telemarketing Sales Rule by deceiving consumers about its services.

  • 11.21.17

    Trump’s CFPB Pick: Major Impact for Industry and Consumers?

    If recent media reports are accurate, the president intends to name current Office of Management and Budget (OMB) Director Mick Mulvaney as acting director of the Consumer Financial Protection Bureau (CFPB).

  • 11.21.17

    OCC’s Otting Confirmed: Another Former OneWest Executive Takes Reins

    On a largely party-line vote, the Senate has confirmed former OneWest president Joseph Otting as Comptroller of the Currency.

  • 11.09.17

    Exclusion Precludes Coverage for Bank’s $24M Settlement

    In a blow to a bank that settled overdraft litigation for $24 million, the U.S. Court of Appeals, Seventh Circuit affirmed that the financial institution’s liability policy did not provide coverage for the deal.

  • 10.26.17

    Multi-Plaintiff Suit Challenges CFPB’s Arbitration Rule

    With no progress in Congress repealing the Consumer Financial Protection Bureau’s (CFPB or Bureau) arbitration rule, a coalition of 18 organizations filed suit in Texas federal court seeking to halt implementation of the prohibition on the use of mandatory predispute arbitration clauses.

  • 10.25.17

    The CFPB Arbitration Rule Is Dead, or Is It?

    By now you’ve heard that the Senate has killed the Consumer Financial Protection Bureau’s (CFPB’s) arbitration rule.

  • 10.12.17

    CFPB News: Recent Updates and Actions

    It has been a particularly busy period for the Consumer Financial Protection Bureau (CFPB), which issued a proposed rule governing payday lending, received a mixed decision from a California federal court judge in a lawsuit against a company offering a biweekly payment program, modified the Equal ...

  • 10.12.17

    Bank Compels Arbitration of Overdraft Class Action

    Reversing a Florida district court action, the U.S. Court of Appeals, Eleventh Circuit agreed with a national bank that a class action challenging overdraft fees should be moved to arbitration.