Aug 21, 2019 | Federal Regulation, News
← Previous Article Next Article → Two federal regulators, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC), agreed to revise the Volcker Rule, a key component of the Dodd-Frank Act. The Volcker Rule is...
Aug 15, 2019 | Federal Regulation, FinTech, News
← Previous Article Next Article → Senator Elizabeth Warren (D-MA), alongside Congresswomen Raja Krishnamoorthi (D-IL), Ayanna Pressley (D-MA), and Katie Porter (D-CA), sent a letter on August 14 to Kathy Kraninger, the Director of the Consumer Financial...
Aug 14, 2019 | Federal Regulation, Litigation, News
← Previous Article Next Article → Seven amicus briefs have been sent to the U.S. Supreme Court supporting a review of Seila Law’s petition for a writ of certiorari, according to Alan S. Kaplinsky, partner with Ballard Spahr LLP. The amicus briefs were filed...
Aug 14, 2019 | Federal Regulation, Litigation, News
← Previous Article Next Article → The Seventh Circuit Court of Appeals recently ruled that a debt collector violated the Fair Debt Collections Practices Act (FDCPA) when it informed a consumer about her debt obligations via an email that did not “imply the...
Aug 9, 2019 | Federal Regulation, FinTech, News
← Previous Article Next Article → Earlier this week, the Consumer Financial Protection Bureau (CFPB) announced the results of its No-Action Letter given to fintech company Upstart Network in late 2017. With the no-action policy, Upstart was able to show that...
Aug 8, 2019 | Federal Regulation, Litigation, News
← Previous Article Next Article → Earlier this week, Judge Lee Yeakel from the District Court for the Western District of Texas continued his “stay” of the compliance date for both the payment provisions and the mandatory underwriting provisions of the...
