Newsletters

02.14.19

Small-Dollar Lending: State AGs Offer FDIC Advice, CA DBO Takes Action

Small-dollar lending made headlines recently, with a group of 14 attorneys general responding to the Federal Deposit Insurance Corporation’s (FDIC) request for information (RFI) on the subject and a new California Department of Business Oversight (DBO) enforcement action.


02.14.19

N.Y. Court Signs Off on New Deal Between Networks, Merchants

A New York federal judge granted preliminary approval of the second attempt at a settlement between a class of more than 12 million merchants and two card networks, potentially putting an end to the long-running litigation over interchange fees and various card network rules that apply to merchants ...


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 ...


01.16.19

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.


01.03.19

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.