Newsletters

01.15.19

U.S. Sanctions Enforcement Against Foreign Financial Institutions Continues

While major enforcement actions against foreign banks for U.S. sanctions violations appear to have ebbed over the past three years, the recent settlement of sanctions-related claims, which included imposition of $1.34 billion in forfeitures and penalties, against a large foreign bank is a reminder ...


01.09.19

Manatt Fintech’s Top 5 Takeaways of 2018

In the financial technology industry (fintech), 2018 was a fascinating and fast-paced year.


01.08.19

Banking M&A and Capital Markets: Year in Review and 2019 Predictions

2018 was generally a solid year for banks looking at merger and acquisition opportunities and reaching for the capital markets, but there are some headwinds in 2019 that give us pause about what the future holds.


01.03.19

CFPB 2018 Year in Review, and What to Expect in 2019

Let’s call it molasses. Because that is what the Trump administration figuratively poured into the consumer protection engine known as the CFPB. 


12.19.18

California DBO Seeks Help With SB 1235

The California Department of Business Oversight (DBO) has started the process of developing regulations to implement SB 1235, which imposes new disclosure requirements for commercial financing in the state.


12.19.18

CFPB: Name Restored, Kraninger Takes Helm, Enforcement and No-Action

It’s official: The Bureau of Consumer Financial Protection (CFPB or Bureau) has its second formal director following the Senate confirmation of Kathy Kraninger.


12.19.18

State Enforcement: Attorneys General Tackle Pension Sales and Robosigning

State regulatory oversight continues, with Virginia Attorney General Mark R. Herring winning a $50 million court order, albeit by default judgment, against a pension sale company and a coalition of 42 state attorneys general working together to reach a deal over unlawful debt collection.


12.19.18

Merchant Cash Advances on the Hot Seat

Could investigative reporting into merchant cash advances lead to enforcement action against companies that make these advances, or to potential legislation to ban certain practices inherent in this industry?


12.19.18

FDIC Pushes for De Novo Banks

Undertaking a serious push to encourage de novo banks, the Federal Deposit Insurance Corporation (FDIC) announced multiple initiatives and released new resources in the hopes of attracting new banks.


12.05.18

CFPB News: Enforcement Action, Favorable Amicus, Possible Director Vote

Have we seen the last of Mick Mulvaney as acting head of the Bureau of Consumer Financial Protection (CFPB or Bureau)?