• 11.27.18

    CFPB: Payday Lending Rule, New Report and MLA Concerns

    This week in news from the Bureau of Consumer Financial Protection (CFPB or Bureau), a Texas federal court granted a stay of the compliance deadline for the Payday, Vehicle Title and Certain High-Cost Installment Loans Rule, allowing the industry to breathe a sigh of relief.

  • 11.27.18

    State Update: Enforcement, Oversight by States Continues

    State attorneys general continue to fill the federal enforcement void, with the Pennsylvania attorney general soliciting redlining complaints and the attorney general in New York reaching a $65 million deal with a bank over incentivized compensation.

  • 11.07.18

    CFPB News

    The Bureau of Consumer Financial Protection (CFPB or Bureau) may have changed its name under Acting Director Mick Mulvaney, but its recent enforcement action against a small-dollar lender in Tennessee makes it look just like the old CFPB.

  • 10.24.18

    CFPB News: ‘Regulation by Enforcement’ Over, Other CFPB Updates

    To no one’s surprise, Bureau of Consumer Financial Protection (CFPB or Bureau) acting director Mick Mulvaney declared regulation by enforcement dead.

  • 10.10.18

    CFPB: Staff Controversy, Credit Invisibility, Disclosure Sandbox, Meetings Renewed

    The Bureau of Consumer Financial Protection (CFPB or Bureau) continues in the news, as the CFPB released a report on credit invisibility, met with advisory groups for the first time this year and proposed a policy for its new “sandbox” program.

  • 09.27.18

    CFPB Updates: First Mulvaney Lawsuit, Questions About Disparate Impact

    The latest news from the Bureau of Consumer Financial Protection (CFPB or Bureau) includes the first lawsuit filed under the leadership of Acting Director Mick Mulvaney, committee approval of his permanent replacement and the publication of the 17th edition of the Bureau’s Supervisory ...

  • 09.27.18

    Federal Banking Regulators Join Forces on Supervisory Guidance

    All five federal banking regulators recently issued an interagency statement, explaining the role of supervisory guidance and describing the agencies’ approach to supervisory guidance.

  • 09.27.18

    Eighth Circuit Backs Bank’s Policy of Termination for Disqualifying Convictions

    A bank did not engage in age bias when it terminated an employee after learning that he had a prior conviction that disqualified him from employment, the U.S. Court of Appeals, Eighth Circuit has affirmed.

  • 09.13.18

    Marking the Decade Since Lehman’s Collapse

    At this ten-year anniversary of the Sept. 15, 2008, failure of investment banking giant Lehman Brothers, it’s time to take stock.

  • 08.29.18

    CFPB Updates: MLA Controversy, GLBA Amendment, Settlement, CFPB Constitutionality

    In the latest Bureau of Consumer Financial Protection (CFPB or Bureau) news, the reported halt to Military Lending Act (MLA) examinations has created controversy, an amendment to the Gramm-Leach-Bliley Act (GLBA) annual privacy notice requirements was finalized, and a $14 million settlement was ...

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