1,625 results found

The Senate Banking Committee has scheduled a crucial executive session to vote on Brian Johnson's nomination as CFPB Director, along with the Terrorism Risk Insurance Program Reauthorization Act and several other key appointments. If approved, Johnson's nomination will advance to the full Senate for consideration, with a narrow two-week window before the pre-election recess that could determine the timing of his potential confirmation. The process involves multiple procedural steps including committee appro

Following on the FDIC's recent issuance of updated guidelines for appeals of material supervisory determination, the OCC is now proposing to replace the existing guidance for handling appeals...

The U.S. Court of Appeals for the Second Circuit has ruled that the lawsuit filed by the New York Department of Financial Services (DFS) seeking to block the OCC's issuance of special purpose...

A nationwide injunction has been issued, effectively preventing the federal government from requiring certain federal contractors and their subcontractors to mandate COVID-19 vaccination for employees.

An issue with the two proposals is that if adopted as proposed there would be a group of loans that could not qualify for the GSE Patch or the new general QM.

In nearly all cases, BounceBack attempts to enroll the check writers in a pre-trial diversion program without receiving further direction from a DA to do so.

In December 2020, after the U.S. Supreme Court ruled that the CFPB's structure was unconstitutional and remanded the case for further consideration, a unanimous panel of the U.S. Court of Appeals for the ...

Yesterday, by a vote of 52-47, the Senate passed the resolution introduced by Democratic Senators under the Congressional Review Act (CRA) to overturn the OCC's "true lender" final rule.

Starting January 1, 2022, the State of Washington will impose a seven percent tax on money earned from the sale or exchange of long-term capital assets, otherwise known as "capital gains."

On March 22, 2021, United States District Judge Bernard A. Friedman of the Eastern District of Michigan dismissed antitrust and business tort claims against Volkswagen AG and Volkswagen...

Illinois launches a modernized online complaint portal for consumer financial issues as federal consumer protection efforts decline and complaints surge nationwide.

A Maryland administrative action recently removed to the state's federal district court illustrates how Maryland law continues to present challenges for the bank partner structure used by many...

The CFPB recently issued Frequently Asked Questions (FAQs) addressing the referral fee and fee splitting prohibitions under Section 8 of the Real Estate Settlement Procedures Act.

The Consumer Finance Protection Bureau's revised Section 1071 final rule introduces substantial changes to small business lending data collection requirements, including a dramatically increased coverage threshold and narrowed scope. This comprehensive discussion examines whether these modifications still achieve Congress's fair lending objectives while exploring the operational challenges, competitive opportunities, and potential risks that lenders must navigate before the January 2028 compliance deadline.

The Federal Trade Commission has issued new guidance warning automobile dealers that advertised vehicle prices must reflect the actual amount consumers will pay at purchase. The FAQs emphasize that only government-mandated charges may be excluded from advertised prices, aiming to restore transparency and fair competition in the automotive marketplace.

The National Association for Latino Community Asset Builders (NALCAB) has filed its combined opposition to the motions of the CFPB and the Consumer Financial Services Association.

Today's podcast features Stephen Calkins, a law professor at Wayne State University in Detroit and former General Counsel of the Federal Trade Commission (the "FTC").