Newsletters

05.11.18

SEC Hits Yahoo With $35M Fine

Just weeks after publishing guidance on cybersecurity, the Securities and Exchange Commission (SEC) assessed a $35 million penalty against Yahoo! Inc. for allegedly misleading investors concerning a major data breach.


05.11.18

Eleventh Circuit Weighs in on Arbitration With Cryptocurrency Exchange

May an online digital currency platform compel arbitration in a proposed class action brought by a former customer of a now-defunct cryptocurrency exchange?


05.11.18

DFS Has NRA Relationships, Rent-to-Own Lenders in Its Sight

Banks in New York have been warned: The state’s Department of Financial Services (DFS) will be keeping a close eye on relationships with the National Rifle Association (NRA) and similar organizations.


04.27.18

Mortgage Lenders, Servicers Fall Under California’s Rosenthal Act

California’s Rosenthal Fair Debt Collection Practices Act encompasses mortgage lenders and servicers, a state appellate panel ruled, weighing in on an issue that has split the federal district courts in the state.


04.27.18

CRA Resolutions, Last RFI and Semiannual Report—With a Twist

In Consumer Financial Protection Bureau (CFPB) news, more resolutions have been filed under the Congressional Review Act (CRA) to overturn Bureau rules, and the last in a series of 12 Requests for Information (RFIs) was released.


04.27.18

Treasury Department: Bringing the CRA Into the 21st Century

The U.S. Department of the Treasury has published recommendations for modernizing the Community Reinvestment Act (CRA), offering proposals to the Federal Reserve Board of Governors, the Federal Deposit Insurance Corp. (FDIC) and the Office of the Comptroller of the Currency (OCC) to better align ...


04.27.18

A ‘State-Level’ CFPB and Other State Innovations

As the Feds retreat, will states fill the void? New Jersey promises a “state-level” Consumer Financial Protection Bureau (CFPB), and Arizona creates an innovation “sandbox.”


04.27.18

DOJ Steers Toward Auto Lender in SCRA Action

Servicemembers Civil Relief Act (SCRA) actions against auto lenders remain popular with the Department of Justice (DOJ), with the agency filing a new complaint in California federal court.


04.11.18

The CFPB’s Many RFIs: A Recap and Timeline

As part of Acting Director Mick Mulvaney’s efforts to overhaul the Consumer Financial Protection Bureau (CFPB or Bureau), it has released a series of requests for information (RFIs) over the past two months.


04.11.18

As Mulvaney Demands CFPB Changes, Who’s Next to Lead?

With CFPB Acting Director Mick Mulvaney asking Congress to reduce the power of the very Bureau he presently leads, the question becomes this: Who will take the permanent reins at the CFPB, and when will that change occur?