Newsletters

02.27.19

CFPB News: Short-Term Lending, Enforcement Concerns, Disclosure Sandbox

Short-term lending remains in the news at the Consumer Financial Protection Bureau (CFPB or Bureau), with the CFPB proposing to rescind key ability-to-repay provisions of a much-debated payday lending rule and with the announcement of a $100,000 enforcement action settlement with a short-term ...


02.27.19

Data Security News: New Federal Privacy Bill?

Are we about to see some bipartisan legislation to improve privacy and data security?


02.27.19

Smoke Signal From Congress: Movement on Cannabis Banking?

Lawmakers recently met to consider cannabis banking, discussing two different bills that have been introduced to solve the problem of providing financial services to an industry that operates under a cloud imposed by federal law.


02.27.19

CRA Reforms Move Forward

Joint rulemaking on CRA reform may finally be in the works, including amendments tailored to the vastly changed environment since its passage.


02.27.19

State Regulators Move to Streamline Fintech Regulation

State regulators have reached an agreement on multistate licensing and supervision standards for the financial technology industry, drawing from recommendations made by a group of several dozen fintech companies.


02.14.19

Newsom’s Six-Month Paid Family Leave Agenda

Shortly after being sworn in as the new governor of California, Gavin Newsom proposed extending California’s current six-week paid family leave (PFL) to six months.


02.14.19

CFPB: More Enforcement, RFI and Servicemember Report

The Consumer Financial Protection Bureau (CFPB or Bureau) has been busy under Director Kathy Kraninger, taking enforcement actions against an online lender, an online loan broker and a group of international payday lenders.


02.14.19

Small-Dollar Lending: State AGs Offer FDIC Advice, CA DBO Takes Action

Small-dollar lending made headlines recently, with a group of 14 attorneys general responding to the Federal Deposit Insurance Corporation’s (FDIC) request for information (RFI) on the subject and a new California Department of Business Oversight (DBO) enforcement action.


02.14.19

N.Y. Court Signs Off on New Deal Between Networks, Merchants

A New York federal judge granted preliminary approval of the second attempt at a settlement between a class of more than 12 million merchants and two card networks, potentially putting an end to the long-running litigation over interchange fees and various card network rules that apply to merchants ...


02.14.19

Otting Paints Positive Picture for Fintech Charters

Comptroller of the Currency Joseph Otting recently weighed in on fintechs, presenting a positive picture for fintech companies considering seeking a special purpose national bank charter from the Office of the Comptroller of the Currency (OCC).