Jan 23, 2020 | Federal Regulation, News
Final CFPB Payday Rule Expected in April The Consumer Financial Protection Bureau (CFPB) said that it plans to issue its long-awaited final rule in April that would roll back underwriting requirements for payday lenders by eliminating a provision from 2017 mandating...
Jan 17, 2020 | Banks & Credit Unions, Federal Regulation, News
CUNA Pushes For Commission-Led CFPB in Brief with Supreme Court As the U.S. Supreme Court prepares to hear a landmark case (Seila Law v. CFPB) determining whether the structure of the Consumer Financial Protection Bureau (CFPB) is permissible under the Constitution,...
Jan 15, 2020 | Federal Regulation, News
California Governor Gavin Newsom Announces Plans to Create State Consumer Financial Protection Agency Last week, while releasing his budget proposal for the state, California Governor Gavin Newsom revealed plans to establish a powerful state agency modeled after the...
Jan 10, 2020 | Federal Regulation, Litigation, News
Progressive Groups Demand Kavanaugh’s Recusal When SCOTUS Hears CFPB Constitutionality Case With the constitutionality of the Consumer Financial Protection Bureau (CFPB) soon to be argued before the United States Supreme Court, a group of progressive...
Dec 19, 2019 | Federal Regulation, News
Last week, the U.S. Senate Committee on Banking, Housing, and Urban Affairs met for a hearing entitled “Oversight of the Securities and Exchange Commission” (SEC). The SEC’s mission is to maintain efficient markets, facilitate capital formation, and protect investors....
Dec 17, 2019 | Federal Regulation, News
Last week, the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) convened a free public workshop at the Constitution Center in Washington, D.C. examining “issues affecting the accuracy of traditional credit reports as well as...
