CFPB Institutes Rule as Congress Files Bills to Repeal It
Mere hours after the Consumer Financial Protection Bureau (CFPB) took its remaining steps to finalize a rule banning mandatory arbitration, House and Senate Republicans filed companion bills to repeal the arbitration rule through use of the Congressional Review Act....
New York Looks to Lead Line in Financial Services Regulation
New York Department of Financial Services (NYDFS) head Maria Vullo recently reiterated her intention to keep NYDFS in the poll position regulating Financial Technology (FinTech) firms operating in financial services. Her comments come at a time in which one federal...
OCC Set for FSOC Showdown with CFPB Over Arbitration Rule
In a letter to Consumer Financial Protection Bureau (CFPB) Director Richard Cordray, Acting Comptroller Keith Noreika of the Office of the Comptroller of the Currency (OCC) asked the Bureau to delay publishing its final arbitration rule and release data used to...
