• 02.28.18

    OIG Audit Addresses Data Security Concerns at the CFPB

    The independent auditor of the Office of Inspector General (OIG) of the Federal Reserve System reported on cybersecurity issues at the Consumer Financial Protection Bureau (CFPB), and the report does not quite fit the picture painted by either advocates or opponents.

  • 02.28.18

    Moving Forward With Cryptocurrency Regulation in 2018

    Two months into 2018, it feels a little like the calm before a regulatory storm in terms of cryptocurrency regulation. 

  • 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.

  • 02.01.18

    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

    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.

  • 01.31.18

    Reversing Course, D.C. Circuit Declares CFPB Structure Constitutional

    In a divided ruling of the entire U.S. Court of Appeals for the D.C. Circuit, the court held today that the Consumer Financial Protection Bureau (CFPB) structure is constitutional, reflecting a legislative desire to establish a truly independent agency.

  • 01.24.18

    Mulvaney to CFPB: No More ‘Regulation by Enforcement’

    In an email to staff leaked to ProPublica, Acting CFPB Director Mick Mulvaney questioned the “previous governing philosophy” of the bureau, and he signaled a major shift in enforcement methodologies and priorities by suggesting the days of “regulation by enforcement” were ...

  • 01.18.18

    CFPB News: Existential Questions, Payday Lending Reexamined

    It’s a huge week for the Consumer Financial Protection Bureau (CFPB), as it announces a “call for evidence” on how well it is performing its “proper and appropriate” functions, and the bureau announces that it will reconsider a tough payday lending rule that was ...

  • 01.18.18

    FSOC Cautions Industry About Cybersecurity Risks

    Cybersecurity threats are the biggest challenge facing the financial services industry, the Financial Stability Oversight Council (FSOC) declared in its annual report, calling on federal regulators to ensure that banks are taking appropriate steps to protect their businesses.

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