Full House Vote on CHOICE Act Slated for Week of June 5th
The U.S. House of Representatives is expected to take a floor vote of all members on the Financial CHOICE Act the week of June 5th. The bill remains mostly unchanged from the one that passed the House Financial Services Committee last month, although a provision that...
State of New York Sues OCC Over FinTech Charters
On the heels of a challenge by the State Conference of Bank Supervisors (SCBS) last month, the State of New York filed suit against the Office of the Comptroller of the Currency (OCC) earlier this month to halt implementation of the agency’s proposed special purpose...
En Banc D.C. Circuit Hears Arguments On Constitutionality of CFPB
On May 24th, an en banc collection of eleven circuit court judges from the U.S. Court of Appeals of the District of Columbia heard oral arguments on the constitutionality of the structure of the Consumer Financial Protection Bureau (CFPB) in PHH v. CFPB. The en banc...
