May 22, 2024 | Federal Regulation, News
CFPB Director Chopra Says Agency “Will Be Firing on All Cylinders” after SCOTUS Ruling After years of uncertainty regarding the Consumer Financial Protection Bureau (CFPB)’s legal status as a pending lawsuit made its way through the legal system, the...
May 16, 2024 | Federal Regulation, Litigation, News
Supreme Court Issues Long-Awaited CFPB Ruling, Rejecting Challenge and Affirming Constitutionality of Funding Mechanism Earlier today, the Supreme Court handed down its 7-2 decision in Consumer Financial Protection Bureau v. Community Financial Services of America, a...
May 14, 2024 | Federal Regulation, News
FDIC Special Review Committee Releases Scathing Independent Report on Workplace Misconduct and Culture Last week, the FDIC released the report from the independent third-party review, led by the law firm Cleary Gottlieb Steen & Hamilton LLP, into allegations of...
May 8, 2024 | Banks & Credit Unions, News
Federal Reserve Survey of Lending Officers Finds U.S. Banks Reported Stricter Credit Standards in Q1 2024 According to the Federal Reserve’s “April 2024 Senior Loan Officer Opinion Survey on Bank Lending Practices,” released on Monday, many banks tightened their...
May 2, 2024 | Federal Regulation, News
Consumers Pay More for Products With More Complex Pricing Structures, CFPB Finds In a new report, prepared as part of the Biden Administration’s junk fee initiative, the CFPB found that consumers tend to pay more for products with more complex pricing structures. The...
