Newsletters

06.06.18

Regulatory Relief Continues With Volcker Rollback Proposal

Just days after enactment of a partial Dodd-Frank rollback that included a substantial loosening of the Volcker Rule prohibitions against proprietary trading, the Federal Reserve Board of Governors kept the ball rolling with new proposals that would further reduce Volcker Rule burdens.


06.06.18

Short-Term Lending: Think Small, as OCC Nudges Banks

Not long after the CFPB’s acting director put the brakes on tough payday lending rules, the Trump administration likewise signaled that banks should move back into the $90 billion business.


06.06.18

Cybersecurity News: Vermont, Colorado and Maybe California

State legislatures are making their mark with new consumer protection legislation, most notably in Vermont, where the state enacted the first law regulating data brokers, and in Colorado, where lawmakers passed a new privacy and cybersecurity measure.


05.24.18

Trump Signs Partial Dodd-Frank Rollback into Law

With the long-awaited passage of Senate Bill 2155 by the House of Representatives on Tuesday, and the President’s signature two days later, financial institutions are beginning to breathe a major sigh of relief.


05.24.18

DOJ Settles Obama-Era Redlining Case Against Community Bank

A Minnesota community bank accused of redlining reached a deal with the Department of Justice (DOJ) with a promise to expand its presence and outreach in minority neighborhoods but pay no civil penalties.


05.24.18

Congress Tosses (Another) CFPB Rule While Constitutionality Battle Continues

In another use of the Congressional Review Act (CRA) to repeal a Consumer Financial Protection Bureau (CFPB or Bureau) rule, lawmakers did away with the Bureau’s Bulletin 2013-02, negating guidance on indirect automobile financing.


05.11.18

School’s Out: Mulvaney Decimates CFPB’s Student Lending Unit

Is the Consumer Financial Protection Bureau (CFPB) leaving the enforcement business?


05.11.18

FTC Doesn’t Hide Action Over LendingClub’s Allegedly Hidden Fees

Did a marketplace lender assess its customers “hidden fees”?


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

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.”