Newsletters

02.16.18

The Buzz in California: A State-Run Marijuana Bank

Spurred by the recent shift in federal policy, California appears to be inching closer to a state-run bank for the burgeoning marijuana industry.


02.16.18

CFPB: Fair Lending Moves, New RFIs and Director Fight

In the latest headlines from the Consumer Financial Protection Bureau, the Fair Lending Division has a new home, Requests for Information (RFIs) ask for insight on administrative actions and enforcement processes, and the never-ending battle over leadership continues.


02.16.18

New York DFS Cybersecurity Certifications Due

The time has come for entities regulated by the New York Department of Financial Services to make their first certification of compliance with the regulator’s cybersecurity rules.


02.16.18

Federal Lawmakers Consider Fintech

Federal lawmakers discussed financial technology at a recent hearing, with topics ranging from regulatory sandboxes to marketplace lending.


02.16.18

Passive Investors in Payday Lending Operations Get Partial Reprieve

While tossing certain claims brought by Pennsylvania’s attorney general, a federal judge denied part of a motion to dismiss brought by online short-term lenders in an action accusing them of “renting” Native American tribes and out-of-state banks.


02.01.18

CFPB Upheaval Continues: From RFIs to Leadership Philosophy

With the near-daily stories coming out of the Consumer Financial Protection Bureau (CFPB or Bureau), the question has become what isn’t happening at the Bureau.


02.01.18

Scrutiny for Online Lending in New York

The New York Department of Financial Services (DFS) may be taking a closer look at online lending, thanks to bills pending in the state legislature.


02.01.18

Cryptocurrency: Vermont Considers Tax, SEC Talks Enforcement

In cryptocurrency news, the Vermont legislature is considering a bill that would create a tax on digital currency transactions, while the Securities and Exchange Commission (SEC) released a statement on enforcement actions.


02.01.18

BSA/AML News: $29M Fine and BSA Changes Under Consideration

Anti-money laundering (AML) violations resulted in a Taiwanese bank and its U.S. branches being hit with a $29 million civil monetary penalty from the Board of Governors of the Federal Reserve System.


02.01.18

CFPB’s Relaxed ‘Prepaid Accounts Rule’ Fixes Key Problems

Mick Mulvaney’s CFPB has now issued final changes to its Prepaid Rule, and the payments industry receives a huge reprieve from some of the more draconian elements of the original rule as issued in 2016.