• 01.16.20

    Two Powerful New State CFPBs? California, New York Proposals May Rock the Financial World

    Joining Pennsylvania, California looks to be the next state to create a state version of the federal Consumer Financial Protection Bureau.

  • 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 ...

  • 12.11.19

    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 ...

  • 12.04.19

    OCC, FDIC Propose Madden Fix Regulations

    In a welcome development for fintechs, lenders and investors, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) separately have proposed regulations to address the substantial uncertainty created by the Second Circuit’s decision in Madden ...

  • 11.26.19

    CFPB News: Enforcement Updates, New Interpretive Rule and Well-Being Report

    In recent Consumer Financial Protection Bureau (CFPB) news, the CFPB notched a $59 million victory in Wisconsin federal court, settled an enforcement action on employment background screening and published an interpretive rule easing the requirements for a temporary loan originator license.  

  • 11.13.19

    CFPB Socks Debt Relief Company, Issues Ombudsman Report and Discusses Dodd-Frank

    The Consumer Financial Protection Bureau (CFPB) is moving forward with new enforcement initiatives even as it concedes its structure is unconstitutional. We discuss the latest developments.

  • 10.30.19

    CFPB News: Final HMDA Rule, New Lawsuit and Taskforce, Director Grilled

    While the battle over the constitutionality of the Consumer Financial Protection Bureau moves to the U.S. Supreme Court, the Bureau continues with its daily work, releasing a final Home Mortgage Disclosure Act (HMDA) rule, filing a new lawsuit in conjunction with the South Carolina Department of ...

  • 10.30.19

    Executive Orders Limit Agency Guidance

    Two executive orders recently signed by President Donald Trump will now require that federal agencies publish all informal guidance and limit its use in enforcement actions.

  • 10.16.19

    Lawmakers Urge Rulemaking to Overturn Madden

    In Madden v. Midland Funding, LLC, the Second Circuit refused to rule that the National Bank Act (NBA) pre-empted state law usury claims against an assignee of a national bank.

  • 10.16.19

    CFPB News: Self-Inflicted Wounds on Constitutionality and Other Developments

    Is the CFPB putting its own prior conduct at risk? Over the last few weeks at the Consumer Financial Protection Bureau (CFPB or Bureau), Director Kathleen Kraninger herself declared the structure of the CFPB unconstitutional, placing the director in a position arguably adverse to her own ...