Newsletters

01.20.21

CFPB News: How Warren Protégé Chopra Will Impact Consumer Financial Protection

Rohit Chopra will be nominated as the next Director of the Consumer Financial Protection Bureau.


01.20.21

California Financial News: Enhanced DFPI Prepares to Flex Its Muscles

As we previously reported, the newly established California Department of Financial Protection and Innovation (DFPI) starts the new year with greatly enhanced powers, and it is making sure consumers, industry and the general public are on sufficient notice.


01.20.21

Illinois Legislature Passes 36% Interest Rate Cap for Consumer Loans

The Illinois legislature has passed a new law setting an interest rate cap of 36% on most consumer loans.


01.13.21

FDIC Issues Final Rule for Industrial Bank Application Process

Members of the Manatt financial services team share guidance about the FDIC’s recently adopted final rule for an industrial bank application process.


01.11.21

CFPB Taskforce Issues Report Setting High-Level Agenda and Priorities

The Consumer Financial Protection Bureau released its long-awaited two-volume Taskforce Report on Consumer Financial Law as expected last week, following a yearlong effort.


01.05.21

Fintech Year in Review—2020

As we prepare to put 2020 in the rearview mirror, many of us will not have fond memories of the year.


01.04.21

Financial Services M&A and Capital Markets: Top 5 Takeaways From 2020

What can we really say about 2020?—a year more unique than any year we can remember.


12.23.20

CARES Act Litigation: Stimulus Bill Decimates Agent Fee Class Action Lawsuits

In its recent passage of the 2021 stimulus bill, Congress may have vanquished the last hopes of the plaintiffs’ bar seeking to require Paycheck Protection Program (PPP) lenders to pay agent fees for accountants in a wave of putative class action lawsuits.


12.22.20

CFPB 2020 Year in Review and What to Expect in 2021

It was another busy year for the Consumer Financial Protection Bureau (CFPB or Bureau), with two lead stories this year: constitutionality and the COVID-19 pandemic.


12.22.20

Congress Reauthorizes and Modifies Paycheck Protection Program

On December 21, 2020, Congress passed a $900 billion aid package to help address economic hardships wrought by COVID-19.