Newsletters

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03.26.15

Operation Chokepoint Yields Deals With Two California Banks

A pair of settlements between the Department of Justice (DOJ) and two California banks recently demonstrated that Operation Chokepoint is alive and well.

03.12.15

CFPB Leaders Discuss Bureau’s Approach To Enforcement

In recent weeks, both Consumer Financial Protection Bureau (CFPB) Director Richard Cordray and Deputy Director Steven Antonakes have provided insight about the Bureau’s operations.

02.26.15

FinCEN Hits Repeat Offender with $20M Penalty

The $20 million civil money penalty assessed by the Financial Crimes Enforcement Network (FinCEN) against Oppenheimer & Co. is intended to send several strong messages to all types of financial services companies subject to the Bank Secrecy Act (BSA).

02.12.15

With Cert Denial, Fed’s Interchange Rules Will Stand

With the U.S. Supreme Court’s denial of certiorari, the Board of Governors of the Federal Reserve Board’s interchange rules will stand.

01.29.15

Borrowers Need Not File Suit To Rescind Mortgage Loan Under TILA, U.S. Supreme Court Holds

In a victory for consumers, the U.S. Supreme Court unanimously ruled that the Truth in Lending Act (TILA) does not require borrowers to file suit to rescind a mortgage loan transaction within the statute’s three-year period.

01.15.15

Treasury Official Advocates for Cyber Insurance

Reflecting the continued regulatory focus on cyber risks, Deputy Secretary of the Treasury Sarah Raskin has some advice for banks: buy cyber insurance.

12.11.14

Comptroller: Retailers Must Be Held Accountable for Data Breaches

Reflecting continued regulatory focus on the issue of cybersecurity, Comptroller of the Currency Thomas Curry said in recent remarks, retailers must be held accountable for data breaches, urging federal lawmakers to adopt legislation that would alleviate the burden currently shouldered by banks.

11.20.14