11.09.17
In a blow to a bank that settled overdraft litigation for $24 million, the U.S. Court of Appeals, Seventh Circuit affirmed that the financial institution’s liability policy did not provide coverage for the deal.
Deceptive student loan debt relief scams are the target of a new coordinated federal-state law enforcement initiative led by the Federal Trade Commission (FTC).
In a new bulletin, the Office of the Comptroller of the Currency (OCC) outlined its updated “policy and framework for determining the effect of evidence of discriminatory or other illegal credit practices” on the Community Reinvestment Act (CRA) rating of a bank.
Brian Korn, partner and co-chair of the firm’s financial services group, spoke on a panel at the First Associates Marketplace Lending Networking Breakfast on Nov. 1 in New York.
10.26.17
With no progress in Congress repealing the Consumer Financial Protection Bureau’s (CFPB or Bureau) arbitration rule, a coalition of 18 organizations filed suit in Texas federal court seeking to halt implementation of the prohibition on the use of mandatory predispute arbitration clauses.
The fallout from the Equifax data breach continues, reaching other credit reporting companies and all the way across the Atlantic Ocean.
The Consumer Financial Protection Bureau (CFPB or Bureau) released a new interim final rule intended to clarify how mortgage servicers can communicate with borrowers at risk of foreclosure, as well as a proposed rule about bankruptcy communications.
From the Department of Justice (DOJ) to the Massachusetts attorney general, auto financing has been the subject of several recent actions.
What will the Office of the Comptroller of the Currency (OCC) focus on in 2018?
10.25.17
By now you’ve heard that the Senate has killed the Consumer Financial Protection Bureau’s (CFPB’s) arbitration rule.
