Newsletters

01.30.19

Attorney General Nominee Could Ease Marijuana Industry Concerns

The future of financial services for marijuana businesses may be brighter if current nominee for attorney general William Barr is confirmed by the U.S. Senate for the position.


01.30.19

Cards in Courts: NY Surcharge Battle Ends, Amex Claims Tossed

The beginning of 2019 brought updates in the world of payment cards, with what appears to be an end to the long-running litigation over credit card surcharges in the state of New York.


01.30.19

CFPB News: Constitutionality, Military Lending, Enforcement and More

While the dispute over the constitutionality of the Bureau of Consumer Financial Protection’s (CFPB or Bureau) structure continues to rage, the Bureau continued to make other news, releasing a report on the Ability to Repay and Qualified Mortgage rule, while Director Kathy Kraninger asked ...


01.30.19

Court Certifies Class of Consumers in Payday Lending Suit

A federal court in Minnesota has certified a class of consumers suing a lead generator and related payday lenders for violations of state law, rejecting the defendants’ concerns that the damages calculations would require individual inquiries.


01.17.19

Privacy and Data Security 2018 Year in Review

In many ways, it was the year of data privacy. In this article, we identify five of the biggest trends in privacy and data security, including the mammoth European Union General Data Protection Regulation (GDPR) taking effect, the hurried passage of the California Consumer Privacy Act (CCPA), the ...


01.16.19

New Year, New CFPB? Kraninger Memo Sparks Debate

Perhaps setting the tone at the Bureau of Consumer Financial Protection (CFPB or Bureau), new Director Kathy Kraninger urged Bureau employees to “vigorously enforce the law” but refrain from presuming guilt about industry participants.


01.16.19

FTC Bans Student Loan Debt Relief Scammers

Student loan debt relief scammers were on the receiving end of a ban by the Federal Trade Commission (FTC) as part of the agency’s Operation Game of Loans.


01.16.19

Federal Reserve Documents Growth in Card Payments

The Board of Governors of the Federal Reserve System (Federal Reserve) released its latest study on payments, documenting a continuing—and accelerated—“robust growth” in card payments.


01.16.19

State AGs Deal With Payment Processor, Mobile Apps

In state enforcement news, Massachusetts Attorney General Maura Healey announced a settlement with a California-based payment services provider, while New York Attorney General Barbara Underwood reached a deal with five companies related to security vulnerabilities in their mobile apps.


01.16.19

State-Run Marijuana Bank Option Falters in California

A new study has cast a shadow on plans for a state-owned bank to service the cannabis industry in California.